Eutelsat is on-track to integrate Latin American satellite operator Satmex following the close of its takeover in January and said that this market is “confirming its high potential.”
Announcing its fiscal third quarter and nine-month results, Eutelsat said that Q3 revenues were up by 1.5%, and by 6% including Satmex, which was consolidated from January 1. It added that Satmex brought a “new dynamic” to the generally tough data services market.
“This quarter marked a significant step in Eutelsat’s international development with the closing of the acquisition of Satmex on 1 January 2014. Satmex brings strong growth potential from Latin America, one of the most dynamic markets for satellite services,” said Eutelsat Communications’ chairman and CEO Michel de Rosen.
In the third quarter Eutelsat said that the successful launch of the Express-AT1 and Express-AT2 satellites marked an important stage in its plan to add capacity in video markets in the fastest growing regions.
However, it said that video application revenues – which dipped 1.2% year-on-year in Q3 excluding the Satmex deal – were impacted by the suspension of operations on certain frequencies at 28.5° East and the lack of available capacity at other key video neighbourhoods. Total Q3 revenues came in at €342.3 million.
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