Eutelsat Sells Stake in Eutelsat 25B Satellite for US$ 154 million

Paris, France, August 9, 2018 — Eutelsat has sold its interest in the Eutelsat 25B satellite operated at 25.5 degrees East to the co-owner of the satellite, Es’hailSat, for a consideration of €135 million (US$154 million).

The company said Eutelsat’s share of the satellite generated FY2018 revenues of €16 million (US$18.26 milion) in the video application.

It added the divestment of this non-core asset is in line with Eutelsat’s strategy of optimizing its portfolio of businesses in the context of its policy of maximizing cash generation.

Eutelsat explained the sale has no impact on Eutelsat’s revenue objectives, which are at constant perimeter, and will be absorbed within the Group’s EBITDA margin target. It added that the discretionary free cash flow objective excludes the impact of the disposal.

Founded in 1977, Eutelsat Communications has a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Over 6,900 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks.

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