Eutelsat has announced the success of its share capital increase with shareholders’ preferential subscription rights for a gross amount of approximately €670 million. Eutelsat says the proceeds of the Rights Issue, combined with the proceeds of the Reserved Capital Increases completed on November 21st, will be used to reinforce its financial structure and fund its […]

Eutelsat has announced the renewal of its strategic partnership with beIN Media Group, the sports, entertainment and media group, for the continued distribution of its DTH services across the Middle East and North Africa (MENA) region. Under the new five-year agreement, beIN secures satellite capacity on the Eutelsat 7 West A and Eutelsat 8 West B […]

The main news on Paris-based Eutelsat recently has been focused on cash-raising and its financial restructuring. Eutelsat is not alone in seeing in long-standing DTH satellite transmissions being under pressure and even though these broadcasts will almost certainly continue for a few decades yet, there’s no doubt that viewers are increasingly switching away from DTH […]

Moody’s Ratings has upgraded Eutelsat’s long-term debt to Ba3 from B2, the rating agency has announced. The upgrade follows Eutelsat’s announcement of a €670 million rights issue as part of its €1.5 billion capital raise. The company had already completed a reserved issuance on November 21st, which raised €828 million at €4.00 per share. The […]

The past week has seen Paris-based satellite operator Eutelsat raise some €1.5 billion overall in fresh money to improve its reserves and to finance investment in the proposed IRIS2 mega-constellation. But while majority shareholders have supported the cash raising exercises, the Rights Issue, raising €670 million, has seemingly upset minority shareholders. Eutelsat’s share price has […]

Eutelsat has announced the renewal of its partnership with Cinecolor Group, the Latin American media and cinema service providers. Through this multi-year agreement, Cinecolor Group will continue to leverage the Eutelsat 65 West A satellite to distribute feature films and live event content to cinemas across Latin America. The renewed collaboration secures the continued use […]

Eutelsat has announced the launch of a €670 million rights issue as part of its €1.5 billion capital raise to reinforce its financial structure and fund strategic ambitions. The announcement was expected, but there were also some extra details: · Subscription price: €1.35 per new share · Subscription ratio: 8 new shares for 11 existing […]

Eutelsat and du have announced the renewal of their long-standing partnership to deliver broadcasting services across the Middle East and North Africa (MENA). du, a telco and digital services provider operates one of the most advanced teleports in the Middle East, delivering an array of communication and media services. The renewed multi-year agreement reinforces du’s […]

The cash-raising move, of €828 million, was not unexpected having been agreed by shareholders at Eutelsat’s September 30th AGM. Indeed, a further €672 million has already been pre-agreed with shareholders and both as part of strengthening the operator’s capital. The French State will subscribe for €551 million, Bharti Space Limited for €30 million, the UK […]

Eutelsat, in partnership with regional satellite solutions provider Neptune Communications, has announced the donation and deployment of emergency satellite communications services to support the Government of Jamaica following the impact of Hurricane Melissa, which resulted in significant disruption to national communications infrastructure. Under this initiative, Eutelsat is providing GEO satellite capacity and VSAT remote kits […]