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Eutelsat sells stake in shared satellite to co-owner Es'hailSat

Friday 10 August 2018 | 10:33 CET | News
Eutelsat has sold its interest in the satellite that it jointly owned with Qatar-based satellite company Es'hailSat. The two partners launched the Eutelsat 25B/ Es'hail 1 satellite in August 2013. The EUR 135 million transaction is in pursuit of the strategy to rationalise the portfolio and optimise cash generation, said the operator, adding that the disposal of this non-core asset would be absorbed within the its EBITDA margin objective.

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Categories: Broadcast & Satellite
Companies: Es'hailSat / Eutelsat
Countries: Qatar / World
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