The Paris bourse share market responded exceptionally well to the potential bad news of Rodolphe Belmer’s departure from Eutelsat. In early trading Eutelsat’s share price rose a full 1 percent in early trading to €12.60 and matching its recent peak of €12.60 at the height of the Patrick Drahi unsolicited €3.2 billion take-over bid, and […]
Eutelsat Communications has signed a multi-year agreement enabling Poland’s leading media company to secure incremental in-orbit resources at Eutelsat’s flagship HOTBIRD video neighbourhood at 13° East. The agreement is another step in the long-standing partnership between TVN, one of HOTBIRD’s anchor customers, and Eutelsat, which has accompanied TVN’s growth since the 1990s. It will support […]
Last year Eutelsat released its Sat.tv set-top box in the MENA region. The idea was to make it easy for viewers to arrange the hundreds of free-to-view channels available into simple to use menu options complete with channel logos and images. Most pay-TV operators have been doing this for years, but in the MENA market […]
Eutelsat has signed up German telco Deutsche Telecom to distribute its Konnect broadband service from the end of 2021. Both companies are also discussing an extension of their partnership in the future. Deutsche Telekom is already using Eutelsat capacity to provide telecommunications and disaster relief in the areas affected by the floods this summer. Investment […]
According to a research report from specialist IoT analyst firm Berg Insight, the global satellite IoT communications market is growing at a good steady pace. Despite the impact of the Covid-19 pandemic, the global satellite IoT subscriber base grew to surpass 3.4 million in 2020. The number of satellite IoT subscribers will increase at a […]
Eutelsat has boosted its shareholding in satellite broadband operator OneWeb. Eutelsat’s stake has been raised from 17.6 per cent to 22.9 per cent and it is paying an additional $165 million (€142.5m) for the investment. Eutelsat is using an option agreed when it invested $550 million in April this year. “Since Eutelsat’s initial investment, OneWeb […]
Patrick Drahi might not have William Shatner in his portfolio of headline-grabbing assets, and rich as he is, Drahi certainly cannot compete with the likes of Elon Musk or Jeff Bezos in terms of cash-at-hand. But few will be surprised if Drahi doesn’t now come up with a Plan B to acquire Eutelsat. Certainly his […]
The bid for Eutelsat by businessman Patrick Drahi, rejected by the satellite company, might well trigger other bidders to enter the picture. Sami Kassab, equity analyst at investment bank Exane/BNPP, poses some interesting suggestions as to potential rival bidders to Drahi. Kassab argues that the key to anyone’s success in the validation of the bid […]
France’s President Emmanuel Macron was present at an important contract signing at the Elysee Palace between Eutelsat and Nigeria’s GloWorld Globacom telco. The deal saw GloWorld commit to a “multi-year, multi-Gb/s” spectrum contract aboard Eutelsat’s Konnect Ka-band satellite which will be used to supply broadband connectivity to underserved regions of Nigeria. Globacom, trading under the […]
Investment bank Jefferies has adjusted its financial model for satellite operator Eutelsat currently in the middle of a potential takeover by telecoms entrepreneur Patrick Drahi. Jefferies reiterates its ‘BUY’ advice to clients although adjusts downward its share price target of €15.50 (from €18.00) although the operator’s share price has been somewhat overtaken since the Drahi […]