The planned sale of Eutelsat’s ground infrastructure for €550 million has collapsed.

The buyer was supposed to be private equity investor EQT Infrastructure VI. Eutelsat says that certain conditions were not met.

“The net proceeds attributable to Eutelsat from the transaction would have been in the region of €550 million, while the negative annualised impact on adjusted EBITDA associated with the service agreement entered into with the prospective buyer amounted to €75-80 million,” said Eutelsat.

“The non-completion of the transaction does not affect Eutelsat’s ability to fund the capital expenditure related to its strategic growth trajectory,” stressed Eutelsat.

The deal with EQT was announced in December 2024 and was expected to create an entity that would hold Eutelsat’s passive ground infrastructure assets – including land, buildings, support infrastructure, antennas, and connectivity circuits for the combined portfolio of teleports and SNPs. The agreement saw EQT acquiring an 80 per cent stake in the planned new entity, while Eutelsat Group would “remain committed as a long-term shareholder, anchor tenant, and partner” with a 20 per cent holding.

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Tags: eqt, eutelsat, teleport