Satellite giants partner to drive US 5G access

Leading global satellite operators Intelsat, SES, Eutelsat and Telesat have created a consortium called the C-Band Alliance, or CBA, which they believe could open up new spectrum for 5G services. Focused on the US, the four partners claim that the formation of the CBA “demonstrates the industry alignment necessary to make mid-band spectrum available quickly, […]

Eutelsat raises €800m by issuing bonds

Eutelsat has issued seven-year senior unsecured bonds for a total of €800 million, taking advantage of what it termed as a “current competitive market” for raising long-term financing. The bonds will be issued at 99.4% and will be redeemed at 100% per cent of their principal amount when they mature on October 2, 2025. “The […]

Eutelsat taps Nagra for Cirrus

Eutelsat has tapped technology outfit Nagra to provide its OpenTV Signature Edition platform to power its new satellite and OTT combined platform Cirrus, which was unveiled yesterday. Eutelsat said Cirrus will provide a content delivery solution via satellite and OTT to operators seeking to launch or upgrade their service – offering the benefits of quickly […]

Eutelsat appoints IBM veteran as EVP of sales and products

Eutelsat has appointed former IBM executive Philippe Oliva as executive vice-president of sales and products. Oliva is due to take up his new role on September 3 and will report to deputy CEO and chief commercial and development officer, Michel Azibert. He is due to succeed Azibert as commercial director during 2019, with Azibert set […]

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. […]

Eutelsat meets full-year financial objectives

Eutelsat delivered on its financial objectives for full year 2017/18, despite reporting a decline in revenue and earnings. For the year ended June 30, the company reported revenue of €1.41 billion, down 4.7% year-on-year but above analyst expectations. EBITDA dropped 5% to €1.08 billion. Video applications, which account for 66% of the company’s revenues, contributed […]

Eutelsat joins SES and Intelsat in US C-band initiative

Satellite operators Eutelsat has teamed up with SES and to make a “market-based proposal” for the use of the lower C-band spectrum in the US. Eutelsat has agreed to joint the initiative initially proposed by Intelsat, Intel and SES to protect the quality and reliability of satellite operators using the C-band spectrum to serve broadcasters, […]

Eutelsat rules out Inmarsat bid

Eutelsat has ruled out making an offer for Inmarsat, just a day after it confirmed it was evaluating a possible bid for the rival satellite operator. In a statement issued today, Eutelsat said that it does not intend to make an offer for Inmarsat– a decision that will hold for six months as per rules […]

EBU names Eutelsat’s Arcidiacono as director of innovation

European public broadcasters group the EBU has named Antonio Arcidiacono as director of innovation and technology. He will take up his post on September 1, replacing Simon Fell, who left the organisation earlier this year. Arcidiacono has served as director of innovation and a member of the management committee at Eutelsat since 2008, with responsibility […]

Eutelsat revenues fall despite stable broadcast performance

Eutelsat reported a 7.4% decline (-3.3% on a like-for-like basis) in third quarter revenues at €337 million, despite reporting “stable” broadcast revenues. Video applications are Eutelsat’s core business and make up 67% of its revenues. In the third quarter video revenue came to €225.0 million, down 0.2% year-on-year. Commenting on the results, Eutelsat CEO Rodolphe […]