London-based speciality satellite operator Avanti Communications has borrowed another $30 million and been given an additional lifeline by its lenders for its $145 million-worth of borrowings. But the money comes with a sting in the tail. The lenders have granted an extension to the repayment obligations to Avanti, setting January 31st next year as the […]
Eutelsat has reported that its overall channel count has fallen over the six months to December 31st. The satellite operator said that its overall channel count was down 3.9 per cent year-on-year to 6,608 units (from 6879 in December 2019), reflecting a lower line-up at five degrees West following technical issues on EUTELSAT 5 West […]
Nilesat and Eutelsat effectively share the 7/8 degrees West orbital positions and have a considerable amount of inter-trading over the MENA market. Eutelsat CEO Rodolphe Belmer told analysts on Eutelsat’s post-results conference call that it intends to “take back” some of Nilesat’s capacity serving the Arabic-speaking market “to distribute it ourselves.” He explained that the […]
Eutelsat enjoyed a near-spectacular market trading day on February 12th when its share price rocketed more than 6 per cent to end the day at €10.31. The rise reflected a sense of buoyancy from CE Rodolphe Belmer despite his alerting the market that its much-needed super-satellite Konnect Very High Throughput Satellite (VHTS) would be around […]
Eutelsat’s half-year numbers (to December 31st 2020) showed what CEO Rodolphe Belmer described as “ongoing resilience” for the operator. “Eutelsat has produced a solid First Half performance with Operating Verticals revenues down by 2 per rcent, reflecting our resilience in the Covid-19 impacted context, and with an EBITDA margin at 76.7 per cent despite the […]
Satellite operator SES will unveil its half-year numbers on February 25th. Analysts at investment bank Berenberg have upgraded their advice on the company to clients to “Hold” but has more than a few cautions in a report. Currently SES shares are trading at sub-€7 levels (€6.84), a little better than its yearly low which was […]
It was always expected that there could be extra payments to the C-band satellite operators once the FCC-organised auction had shown the strength of demand for spectrum. The four key players (Intelsat, SES, Telesat and Eutelsat) are already in line to share around $10 billion in FCC-authorised “incentives” for clearing their C-band satellite spectrum. With […]
Paris-based Eutelsat says it has won a contract to add a EGNOS payload onto an upcoming Hotbird satellite (13G) which will be launched in H1/2022. The contract comes from the European GNSS Agency and has a value of €100 million spread over the 15-year life of the satellite. Eutelsat says €85 million of the contract […]
Bigblu Broadband is to offer high speed broadband-by-satellite to users in New Zealand. Bigblu sold its European business to Eutelsat last year. Its new service will use capacity from the Kacific-1 satellite which was launched in December 2019. Kacific will provide financial support to Bigblu to include an investment in customer user terminals. Bigblu will […]
Eutelsat Communications and TelOne, one of Zimbabwe’s leading Internet Service Providers, have signed a master service agreement to bring satellite broadband to Zimbabwe. Under the terms of the multi-year agreement with Eutelsat’s broadband division, Konnect Africa, beginning in March 2021, TelOne will leverage the Eutelsat Konnect satellite to bring connectivity to households and businesses located […]