Eutelsat Communications’ flagship 13° East Hotbird position has been selected by ESRevolution for the European launch of its eSports gaming channel, ESR. New York based ESR will make its content available in Europe for the first time in 24/7 HD linear format from February, leveraging the coverage of Eutelsat Hotbird, with its reach of over […]
Eutelsat Communications has announced the appointment of Anne Carron in the role of Chief Human Resources Officer. Carron joins Eutelsat after an extensive career; first as a Corporate and M&A lawyer at Linklaters, and subsequently within the Carrefour Group in the posts of Deputy Legal Director and latterly Human Resources Director. She left Carrefour to […]
Eutelsat has taken an 8-year loan of €200 million from the European Investment Bank (EIB) to help fund the roll-out of its high-speed broadband services. Eutelsat will use the cash on its Konnect VHTS (Very High Throughput Satellite) programme. Eutelsat says: Konnect VHTS is an advanced satellite providing unprecedented upload and download speed capacity for […]
European Commissioner for the Internal Market, Thierry Breton, says that he wants to propose his concept of a European satellite-based broadband network to the Commission this year. First priority would be to use a European Low Earth orbiting (LEO) public/private enterprise system and use it as a ‘gap filler’ for locations with non or low […]
Satellite operator’s video-based revenues are under pressure as broadcasters continue to go digital. The trend has generated comment from investment bank Exane/BNPP on January 13th, and which said it expected that video revenues would continue to deteriorate during 2021 for SES and Eutelsat. “In 2019 & 2020, Eutelsat had been able to report better quarterly […]
Currently neither SES, Eutelsat nor Hispasat, Europe’s three major satellite operators, have backed low Earth orbiting (LEO) systems with consumer facing broadband services. But the three say they are prepared to co-invest in the European Commission’s suggestion for an EU-wide LEO system. The European Commission is backing the concept of a dedicated LEO system for […]
Investment bank Berenberg, in its previews of media stocks for 2021, is downbeat on satellite operator SES. It is maintaining its ‘SELL’ advice to clients and gives a guide price for SES shares of just €6.80 per share. The bank downgraded SES last year and says it remains of the view that consensus forecasts will […]
Arianespace carried out a total of 10 launches in 2020: three by Ariane 5, five by Soyuz and two by Vega. This was one more than in the previous year, despite the pandemic’s impact. Out of these 10 launches, seven were purely commercial. However, revenue was flat at €1.23 billion but Arianespace says it now […]
Netflix co-CEO Reed Hastings has sold almost a quarter-billion’s worth of shares. Hastings sold $230.6 million’s (€189m) worth of shares in Netflix (437,311 shares) on December 21st at an average price of $527.26 per share, a fraction below their $527.22 value on December 22nd. Hastings released the data on December 22nd. Most of the shares […]
The European Commission (EC) is looking to build a global Low Earth Orbiting (LEO) broadband-by-satellite system to help bridge – and solve – the digital divide in connectivity. The European Commission has selected a consortium of European satellite manufacturers, operators and service providers, telco operators and launch service providers to study the design, development and […]