Eutelsat raised €300 million in a bond due for repayment in 2022.  The financing was arranged via Credit Agricole and Societe Generale.

Over the past few days, Eutelsat has enjoyed some favourable analyst comment from the financial community. CitiGroup, for example, rated Eutelsat its ‘Top Pick’ in terms of European satellite players (which includes SES, Intelsat and Inmarsat).

Their September 14th note to investors said that while the industry might be “past the boom times” Eutelsat nevertheless enjoyed market expectations that were at a realistic level. “We welcome management’s increased focus on shareholder returns and the lower capex guidance in light of slower future growth trends. We think good execution over the next two to three quarterly results is key in providing support for the investment case going forward.”

Other posts by :

1. Bank: Space industry worth $1tn by 2040
2. Xona Space wants 259 LEO satellites
3. 36 major airlines now committed to Starlink
4. Quilty: Top 5 Washington Satellite show takeaways
5. Space Wars: Starlink vs Amazon Leo
6. Eutelsat seeks ISRO deal for launches
7. Virgin Galactic sets prices for space tourists
8. Devas vs Antrix rumbles on
9. Shotwell makes TIME front cover

Categories: Articles, Business, DTH/Satellite, Funding