Eutelsat Completes the Sale of Its Stake in Hispasat for 302 million Euros
18 Avril 2018 - 07:10PM
Business Wire
Regulatory News:
Eutelsat Communications (Euronext Paris:ETL) announces that its
33.69% stake in the Spanish satellite operator, Hispasat, has been
sold for a consideration of 302 million euros.
The transaction concludes an agreement reached in May 2017
between Eutelsat and Abertis which was recently approved by the
Spanish Council of Ministers, thereby lifting the last condition
precedent to its completion.
The divestment of Eutelsat’s stake in Hispasat is in line with
the Group’s strategy of rationalising its portfolio of assets in
order to maximise cash generation.
About Eutelsat Communications
Founded in 1977, Eutelsat Communications is one of the world's
leading satellite operators. With 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 6,800 television channels operated by leading media
groups are broadcast by Eutelsat to one billion viewers equipped
for DTH reception or connected to terrestrial networks.
Headquartered in Paris, with offices and teleports around the
globe, Eutelsat assembles 1,000 men and women from 44 countries who
are dedicated to delivering the highest quality of service.
Eutelsat Communications is listed on the Euronext Paris Stock
Exchange (ticker: ETL).
For more about Eutelsat visit www.eutelsat.com
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version on businesswire.com: https://www.businesswire.com/news/home/20180418006126/en/
PressMarie-Sophie Ecuer, + 33 1 53 98 37
91mecuer@eutelsat.comorInvestors and analystsJoanna
Darlington, +33 1 53 98 35 30jdarlington@eutelsat.comorCédric
Pugni, +33 1 53 98 35 30cpugni@eutelsat.com
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