A report from analysts at BNP Paribas looks at the prospects for Europe’s two satellite operators: SES of Luxembourg, and Eutelsat of Paris. Both now play a truly global role – with SES having acquired Intelsat, and Eutelsat firmly backing OneWeb and its global appeal to telcos, commercial enterprises and government/military users. The bank, which […]
French investment bank, Exane BNP Paribas, has initiated coverage of Europe’s two giant satellite operators SES and Eutelsat. The news comes as Moody’s downgraded SES (to ba2 from ba1) on its Baseline Credit Assessment, and the ratings agency withdrew its corporate rating and changed its overview from “Stable to Negative”. Exane ranks SES as ‘Outperform’ […]
United Group, the telco and media company in Southeastern Europe, has successfully completed an offering of its euro-denominated notes maturing in January 2032 for a total principal amount of €400 million. The issue price of the notes was par, and the notes have a fixed rate coupon of 6.25 per cent per annum. The notes […]
Research analysts at BNP Paribas have looked at the news that AT&T had already enabled 23,000 of its cellular sites across the US to take advantage of its recent acquisition of EchoStar 30 MHz of 3.45 GHz terrestrial spectrum. The move will improve connectivity at 5,300 US cities and towns and AT&T says this will […]
Analysts at investment bank BNP-Paribas have welcomed the $23 billion (€19.6bn) agreement from US cellular giant AT&T to acquire spectrum from EchoStar. But the bank says it is not the best news for cable operators. “Overall, we see this as a good deal for AT&T and the wireless industry in general, and a small negative […]
Investment bank BNP Paribas has significantly increased its share price target on Eutelsat following the satellite operator’s results on August 5th. The target price jumps from €1 to €2.9, but the bank still advises clients to consider Eutelsat as an ‘Underperform’ stock, despite having the view that its OneWeb division was now “taking off”. The […]
Eutelsat, as expected, will raise €1.35 billion in fresh capital over the next few months. French daily Le Monde summed up the move with its headline, saying: “The French government is stepping in to rescue Eutelsat”. At the end of the cash restructuring process France will hold 29.9 per cent of the operator’s capital, and […]
Satellite operator Eutelsat saw its share price fall by almost 12 per cent on its Q3 revenue statement last week. BNP-Paribas, the financial services company, has now issued a report on the satellite operator. Sami Kassab, analyst at BNP-Paribas, headlined his note to clients as “More headwinds ahead” and while stressing that Eutelsat’s financial reports […]
Analysts at investment bank BNP-Paribas, in a note following the news that CEO Eva Berneke is to be replaced, sid that the company’s guidance that reaffirmed the previous expectations for the year’s trading which ends on June 30th is good news. French business newspaper La Tribune saidthat Eutelsat’s “fragile situation has become a top priority […]
Analysts at investment bank BNP Paribas have issued their thoughts on satellite operator Eutelsat’s current predicament and have advised clients that their rating on the Paris-based business is ‘underperform’ as far as shareholders are concerned. But worse, in that the bank’s Sami Kassab, in the past a supporter of satellite stocks, has issued a target […]