Spanish technology company Indra is set to buy satellite operator Hispasat from Redeia for €650 million.

Indra, in which the Spanish Government has a 28 per cent stake, and Redeia are finalising the negotiations to complete the deal that will then be submitted for approval to both board of directors in each company.

The recent appointment of a new president of Telefónica coming from Indra has reportedly accelerated the operation.

In 2019, Redeia paid to Abertis €933 million for a 88.68 per cent stake in Hispasat.

Other posts by :

1. Bank: “Charter racing to the bottom”
2. SpaceX IPO in June?
3. Russia postpones Starlink rival
4. Why don’t lawmakers like Netflix?
5. Viasat taps Ex-Im Bank to finance satellite
6. Bank: TeraWave not a direct threat to AST SpaceMobile
7. SpaceX lines up banks for IPO
8. SES to FCC: “Don’t auction more than 160 MHz of C-band”
9. Morgan Stanley downgrades Iridium

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

Tags: dth, Hispasat