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Eutelsat Communications SA Announces Agreement with Deutsche Telekom AG to Terminate Arbitration Proceedings

Thursday, 28 Feb 2013 06:37am EST 

Eutelsat Communications SA (Eutelsat) announced that it has reached a final settlement with Deutsche Telekom AG regarding the duration of Eutelsat's right to use a German filing at the 28.5° East orbital position, without prejudice to the parties' respective positions concerning the subject of the dispute. Both parties have consequently agreed that arbitration proceedings initiated in 2011 before the International Court of Arbitration of the International Chamber of Commerce will be terminated. The Court of Arbitration is shortly expected to issue a decision by consent which will reflect the settlement agreed by both parties. The exact terms of the settlement will remain confidential.