Eutelsat Communications has reported a 5.2% increased in revenues as the satellite operator recorded financials in line with its full year guidance. In the six months ending December 31, 2006, the Paris-based operator declared revenues of €415.3 million, compared to €394.9m in the same period in 2005. EBITDA was up 6% at €329.6m.
Giuliano Berretta, Chairman and Chief Executive Officer of Eutelsat Communications, described the first half results as a solid performance. “We have actively pursued growth of Video Applications within the framework of our objective to maximise revenue yield per transponder. As a result, this activity has increased over the last six months from 67% to account for 70% of revenues.”
The Eutelsat Hot Bird neighbourhood passed the magic 1,000 channels figure at the end of September and Berretta said it was a possibility that Eutelsat might redeploy two existing satellites to serve other markets experiencing growth. The capacity has been made available by two new Hot Bird launches during 2006. Eutelsat has pursued the rollout of broadband services where terrestrial infrastructure is not available and has also introduced in-flight broadband into the aviation sector.
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