Red Eléctrica buys 90% Hispasat stake for €949 million

Spanish electricity and telecommunications infrastructure firm, Red Eléctrica Corporación, has agreed to buy Abertis’ 89.68% stake in satellite operator Hispasat for €949 million. The deal was agreed by Red Eléctrica subsidiary Red Eléctrica Sistemas de Telecomunicaciones (RESTEL) and will allow the firm to expand its telecoms business into new customer segments and geographical areas. “Moreover, […]

Eutelsat completes €302 million sale of Hispasat stake

Eutelsat has completed the sale of its 33.69% stake in Spanish satellite operator, Hispasat, to Abertis for €302 million. Eutelsat said that the divestment of its Hispasat stake is in line with its strategy of rationalising its portfolio of assets in order to maximise cash generation. The deal was completed following its recent approval by […]

Eutelsat agrees €302m Hispasat stake sale

Eutelsat has agreed to sell its 33.69% stake in Hispasat to Abertis for €302 million. The agreement follows the initiation of the process in July 2016 when Eutelsat exercised the put option granted in 2008 by Abertis, Hispasat’s majority shareholder. The €302 million price marks a 7.1-times EBITDA multiple based on Hispasat’s 2016 results. “The […]

Nagra teams with Abertis for cloud-based TV platform

TV technology company Nagra has teamed up with Spain’s Abertis Telecom to launch a cloud-based TV hosting platform. The service, which is targeted at both free and pay TV broadcasters, is providing a hosting solution for the EBU initiative to offer to its members off-the-shelf interactive HbbTV applications during the Olympics and the Eurovision Song […]