Eutelsat sells stake in 25B satellite to Es’hailSat

Eutelsat has sold its interest in Eutelsat 25B to the satellite’s co-owner Es’hailSat for €135 million.

Eutelsat described the 25.5° East satellite as a “non-core asset” and said the sale was part of its policy of maximising cash generation.

The satellite generated revenues of roughly €16 million for Eutelsat in full-year 2018 from video services.

The company said the sale will have no impact on its revenue objectives and will be absorbed into the group’s EBITDA margin target.