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Eutelsat Communications SA (ETL.PA)

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Latest Key Developments (Source: Significant Developments)

Abertis to buy 33.69 pct of Hispasat from Eutelsat for 302 mln euros
Friday, 19 May 2017 02:51am EDT 

May 19 (Reuters) - ABERTIS INFRAESTRUCTURAS SA ::SAYS REACHED AGREEMENT WITH EUTELSAT TO ACQUIRE ITS 33.69 PCT STAKE IN HISPASAT FOR 302 MILLION EUROS.SAYS AS RESULT OF TRANSACTION WILL CONTROL 90.74 PCT OF HISPASAT.  Full Article

Eutelsat reaches agreement with Abertis on sale stake in Hispasat
Friday, 19 May 2017 02:32am EDT 

May 19 (Reuters) - EUTELSAT :AGREEMENT REACHED WITH ABERTIS ON SALE OF EUTELSAT STAKE IN HISPASAT.EUTELSAT COMMUNICATIONS (PARIS:ETL) (EURONEXT PARIS:ETL) AND ABERTIS GROUP HAVE REACHED AN AGREEMENT ON SALE OF EUTELSAT'S 33.69% STAKE IN HISPASAT TO ABERTIS.AGREED PRICE FOR EUTELSAT'S STAKE IS EUR 302 MILLION, REPRESENTING AN EBITDA MULTIPLE OF 7.1X BASED ON HISPASAT'S 2016 RESULTS.FOLLOWS INITIATION OF PROCESS IN JULY 2016 WHEN EUTELSAT EXERCISED PUT OPTION GRANTED IN 2008 BY ABERTIS, HISPASAT'S MAJORITY SHAREHOLDER..CLOSING EXPECTED IN SECOND HALF OF CALENDAR YEAR 2017.  Full Article

Eutelsat sees broadcast returning to growth in 2018/2019 - conf call
Thursday, 11 May 2017 01:02pm EDT 

May 11 (Reuters) - EUTELSAT :SAYS LEAP COST CUTTING PLAN IS GOING AS PLANNED; IS CONFIDENT IT WILL DELIVER WHAT IT ANNOUNCED - CONF CALL.SAYS IT HAS NO DOUBT THAT BLUE ORIGIN'S NEW GLENN LAUNCH VEHICLE WILL BE SAFE - CONF CALL.ON AVIATION: WE HAVE A RAMP UP FOR 140 AIRCRAFT - CONF CALL.ON VIDEO: IN 2018/2019 WE SEE A TREND FOR BROADCAST GETTING BACK TO SLIGHT POSITIVE GROWTH; HOWEVER PROFESSIONAL VIDEO FOLLOWS A DIFFERENT TREND - CONF CALL.  Full Article

Eutelsat 9 mth revenues down 2 pct lfl at EUR 1.12 bln
Thursday, 11 May 2017 11:45am EDT 

May 11 (Reuters) - EUTELSAT :NINE MONTH REVENUES OF EUR 1,119 MILLION, DOWN 3.3% REPORTED AND 2.0% LIKE-FOR-LIKE.Q3 REVENUES OF EUR 364 MILLION, DOWN 4.9% REPORTED AND 4.2% LIKE-FOR-LIKE.ALL FULL YEAR AND MEDIUM-TERM OBJECTIVES CONFIRMED.ORDER BACKLOG OF EUR 5.2 BILLION, REPRESENTING 3.4 YEARS OF REVENUES AT END Q3.  Full Article

Ethiopia's INSA agency selects Eutelsat for new Ethiosat tv platform
Wednesday, 10 May 2017 06:33am EDT 

May 10 (Reuters) - EUTELSAT ::ETHIOPIA'S INSA AGENCY SELECTS EUTELSAT FOR NEW ETHIOSAT TV PLATFORM.INSA INKED A MULTI-YEAR CONTRACT WITH EUTELSAT COMMUNICATIONS FOR CAPACITY AT ITS 7/8° WEST NEIGHBOURHOOD, THE POLE POSITION FOR SATELLITE TV IN THE MIDDLE EAST AND NORTH AFRICA.  Full Article

Board of Directors of Eutelsat Communications proposes appointment of Dominique D'Hinnin as director of company
Wednesday, 26 Apr 2017 05:29am EDT 

April 26 (Reuters) - Eutelsat Communications SA : :Board of Directors of co decided to submit for approval to Annual General Assembly of Nov 8, 2017 appointment of Dominique D'Hinnin as director of co.Subject to approval of this appointment, Dominique D'Hinnin will be appointed Chairman of Board of co.Dominique D'Hinnin will succeed Michel de Rosen who will retire from his duties as non-executive Chairman of Board of co at same time.  Full Article

Eutelsat signs up for Blue Origin's New Glenn rocket
Tuesday, 7 Mar 2017 09:07am EST 

Eutelsat Communications SA : Announces conclusion of a contract with Blue Origin for a launch on the New Glenn rocket that is expected to initiate flights in 2020 .Agreement with Blue Origin covers launch of a geostationary satellite in 2021-2022 timeframe.  Full Article

Eutelsat and Viasat close European broadband joint venture
Monday, 6 Mar 2017 04:09am EST 

: Eutelsat and viasat close european broadband joint venture . Viasat has acquired a 49% interest in business for a consideration of euro 132.5 million .Enhanced service plans are expected to be introduced in select european countries from 2017 onward.  Full Article

Eutelsat concludes contract with GSA of 102 million euros
Monday, 6 Mar 2017 03:56am EST 

Eutelsat Communications SA : Announces it has been engaged by European Global Navigation Satellite Systems Agency (GSA) to provide payload and services for next-generation EGNOS . Co and GSA have concluded long-term contract valued at 102 million euros ($108.42 million) covering preparation and service provision phases for the EGNOS GEO-3 payload .New payload marks replenishment of current EGNOS capacity and is scheduled to start service in 2019 for a duration of 15 years.  Full Article

Eutelsat to buy a Viasat satellite, eyes higher sales at some key units
Thursday, 9 Feb 2017 02:30am EST 

Eutelsat : CEO says company to buy a Viasat satellite in coming months . Expects higher Internet and mobile satellite sales, sees no negative impact at this stage from new U.S. government . Eutelsat had formed joint venture with Viasat in 2016 [nBw2HQwxSa] ((sudip.kargupta@thomsonreuters.com; +33 1 49 49 53 84; Reuters Messaging: sudip.kargupta.thomsonreuters.com@reuters.net)).  Full Article

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UPDATE 1-Spain's Abertis to buy Eutelsat's stake in Hispasat

May 19 French satellite operator Eutelsat has agreed to sell its 33.69 percent stake in Spanish business Hispasat to majority shareholder Abertis for 302 million euros ($336 million).