Investment bank Jefferies, in its report on Sky Italia renewing their long-term distribution contract with Eutelsat, says that the deal removes a “sword of Damocles” from Eutelsat’s prospects. “It removes a huge overhand for the stock,” says analyst Giles Thorne. Eutelsat’s share price has been in the doldrums for months, and the renewal news lifted […]
Thomas Rabe, CEO/chairman of Bertelsmann, has shared his view that there’s a strong case and a need for consolidation amongst streaming platforms. His comments prompted a note to clients from a couple of investment banks. Exane/BNPP asked: “Does this give RTL the impetus to be the European broadcasting champion?” The bank adds: “As a reminder, […]
Satellite operator SES will issue its Q2 and half-year numbers on August 7th and a note to clients from investment bank Exane/BNPP warns that the impact of Covid-19 is likely to impact the operator, especially its Mobility division. The bank says that expectations of the operator’s Mobility revenues amongst observing banks is extremely wide, ranging […]
Eutelsat will unveil its full year numbers (for the year to June 30th) on July 31st. The market, notwithstanding some interesting recent news releases concerning Canal Plus (for an Ethiopian DTH bundle) and Orange France and its plan to secure capacity on Eutelsat’s Konnect craft for a ‘broadband by satellite’ service over France, believes revenues […]
On July 15th it was reported that SES Americom was arguing with Intelsat’s bankruptcy court that Intelsat should pay $1.8 billion to SES because of a “contract violation” over the pair’s C-band Alliance (CBA) agreement and the clearance of spectrum for 5G. Following the news, satellite analyst Sami Kassab from investment bank Exane/BNPP issued a […]
Spotify will launch in Russia next week, and go head-to-head with Apple Music as well as other well-established local operators. Investment bank Exane/BNPP reports that Spotify is likely to partner with local Russian telcos and target the estimated 144 million potential users and more than 95 million smartphone owners. “Russia is one of the fastest […]
Eutelsat’s CEO Rodolphe Belmer, speaking at the Exane/BNPP-organised CEO Conference in Paris, painted a cautiously optimistic view for the medium-term outlook for the satellite operator. Belmer said he continues to expect its Video Broadcast division (62 per cent of group FY20e revenues) revenues to be broadly stable and to benefit from lower replacement capex. Once […]