Eutelsat sells its stake in the EUTELSAT 25B satellite operated at 25.5 degrees East to the co-owner of the satellite, Es’hailSat, for a consideration of USD 156.84m (€135m).
Eutelsat’s share of the satellite generated FY2018 revenues of $18.23m (€16m) in the video application.
A statement from the satellite operator stated that the divestment of this non-core asset is in line with its strategy to “optimise its portfolio of businesses in the context of its policy of maximising cash generation”.
“It has no impact on Eutelsat’s revenue objectives which are at constant perimeter, and will be absorbed within the Group’s EBITDA margin target. The discretionary free cash flow objective excludes the impact of the disposal.”