Eutelsat Communications has reported a first quarter revenue increase of 6.2%, as the Paris based satellite operator benefited from the sustained development of video applications, up by 10.7% following the opening of new orbital positions at seven degrees West and nine degrees East. The company recorded total revenues of €211.9m from the first quarter ending September 30, 2007 from €199.5m in Q1 2006.
Eutelsat said it was on course to produce revenues between €840 and €850 million in the current financial year. Giuliano Berretta, chairman and chief executive officer, Eutelsat Communications said the company was continuing to innovate with five new satellites launching in the current financial year and a Ka-band satellite due to go into service in 2010-11. “The deployment of this new Ka-band infrastructure at our 13 degrees East position will enable us to address new business opportunities, notably broadband access for homes situated beyond range of terrestrial networks, and delivering local channels and Triple Play services.”
The company said the reduction of revenues from data services, to €29.1m, resulted from the conversion of short term contracts into long-term contracts.