The stock market has shown mixed reactions with last weel’s financial half-year statement from Eutelsat CEO Rodolphe Belmer. Its share price, having risen dramatically by €2 on February 16th fell back 53 cents on February 19th (2.79 per cent) indicating that Eutelsat is not out of the woods just yet. Perhaps one catalyst was a […]
Star India has issued a three-week disconnection notice onto DTH operator Bharti Telemedia, which offers its service as Airtel Digital TV. Star India is alleging that Bharti has failed to sign a distribution agreement and failed to pay subscription fees, or submit subscriber reports. “This is to inform the subscribers of Bharti Telemedia that signals […]
At first sight, Eutelsat’s half-year results (to December 31st) are poor, with revenues of €697 million being down 5.7 per cent on the same period last year and on like-for-like trading. The poor numbers extend to Eutelsat’s usually buoyant backlog of contracts in place, but this has tumbled 11.4 per cent (from €5.3 billion to […]
Elettronica Industriale, a subsidiary of the Italian group Mediaset, has signed a multi-year capacity agreement with satellite operator Eutelsat to accelerate its transition to HD. Thanks to this contract, the three flagship channels of the Mediaset Group (Canale 5, Italia 1 and Rete 4) will be broadcast simultaneously in SD and HD on the free […]
SpaceX CEO Elon Musk in a Tweet on February 12th said that even if his new Falcon Heavy rocket was “fully expendable” the cost of a complete launch would only be about $150 million. That’s still a lot of cash, of course, but is around $200-$250 million ‘cheaper’ than its rival at United Launch Alliance […]
The world’s two largest satellite operators made very different impacts on their local stock exchanges on February 12th. SES was hammered as a result of its worrying change of CEO and CFO. While some observers and analysts welcomed the news as representing a clean sweep at the top of the company, the market voted with […]
Karim Michel Sabbagh, currently president & CEO at satellite operator SES, and Padraig McCarthy CFO, are stepping down. Steve Collar, who is currently CEO of SES Networks, has been appointed as the next President & CEO of SES, becoming CEO Designate with immediate effect. Andrew Browne, who was until recently CFO of O3b Networks and […]
London-based speciality satellite operator Avanti Communications has won support from its bond-holders who have given consent for their bonds to be converted into equity. Some 98.09 per cent have agreed to swap debt for newly-issued equity. The notice of the debt for equity swap was issued on January 25th and bond-holders on a large tranche […]
Pan-European sports broadcaster Eurosport has partnered with Facebook to extend its Olympic Winter Games digital coverage to people on Facebook across Europe. Facebook communities in Germany, Sweden and Norway will be able to tune in live to Eurosport’s coverage of the PyeongChang 2018 Opening Ceremony on February 9th. Daily highlights, clips and interviews from Eurosport’s […]
Eurovision Media Services – the business arm of the European Broadcasting Union (EBU) – and satellite operator Eutelsat have renewed and expanded their partnership for capacity in Ku-band via a number of contracts on the Eutelsat 10A satellite. These multi-year, multi transponder contracts will further expand the infrastructure used by Eurovision Media Services across the […]