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Eutelsat sells interest in 25B

August 10, 2018 10.49 Europe/London By Julian Clover

Eutelsat has sold its interest in the Eutelsat 25B satellite to its co-owner Es’hailSat.

The Qatar-based communications satellite operator has paid 135 million.

During the 2018 financial year Eutelsat has generated in the region of €16 million from the venture.

In a statement Euelsat said the divestment was in line with Eutelsat’s strategy of optimising its portfolio of businesses in the context of its policy of maximizing cash generation.

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Filed Under: Newsline, Satellite Edited: 10 August 2018 10:49

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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