Paris-based The Strategic Investment Fund, Eutelsat’s second largest shareholder with a 25 per cent stake, said yesterday that it had no intention to withdraw from the satellite operator. “The performance of the company and its future strategy does not lead us to consider disengagement,” said Thierry Sommelet, Director of Investment at SIF, talking to La Correspondance de la Presse.

Earlier this week Eutelsat declared a dividend increase of 15.2 per cent on the 2008-09 pay-out, at E0.76 a share. While the past few weeks have seen Eutelsat’s share price fall back from a high point of E29 to a current E26 a share, this is still well ahead of the E21 position a year ago, and a significant doubling in value over the past 5 years.

Other posts by :

1. Safran Space links laser direct to satellite
2. SpaceX fearful of AST SpaceMobile’s potential?
3. Equatys wants 2,800 new satellites
4. FCC eyes freeing up Weird Space Stuff spectrum
5. SES happy with releasing 160MHz of spectrum for 5G
6. Inmarsat “likely to win appeal” over Ligado/AST action
7. FCC seeks fair play over foreign satellite access
8. Bank raises RocketLab target price
9. Paramount throws kitchen sink

Categories: Articles, Business, DTH/Satellite, Funding