A meeting of Spain’s cabinet  has given its approval to the Abertis operation controlling a 89.68 per cent of Hispasat.

The green light comes at a time when Abertis is seeking to sell its shares in the satellite company. In  2017 Abertis paid €302 million to Eutelsat for the stakes, an operation subject to the Government’s approval.

Now. with the go ahead, Abertis, with a 57.05 per cent stake in Hispasat this far, will control 89.68 per cent of the company, with public entity CDTI owning 2.91 per cent and SEPI with 7.41 per cent.

Other posts by :

1. Bank uplifts RocketLab
2. AST SpaceMobile’s BlueBird/FM1 en route to India
3. D2D satellite battle hots up
4. Eutelsat share price rockets
5. AST SpaceMobile recovers after Verizon agreement
6. Bank has mixed messages for AST SpaceMobile
7. EchoStar clears key regulatory hurdles for Starlink deal
8. Starlinks falling to Earth every day
9. 650 Starlink D2C craft in orbit

Categories: Articles, Broadcast, Business, DTH/Satellite, M&A, Policy, Regulation