0
Video

Eutelsat takes company-wide measures to counter slow market

Monday 27 June 2016 | 11:41 CET | News
Eutelsat has announced a major reorganisation. CEO Rodolphe Belmer noted slowing momentum for traditional businesses within the fixed satellite services sector and said the company must adapt its strategic priorities and financial objectives. Belmer said the company's immediate priority will be to maximize the free-cash-flow generation of its core businesses, with the objective of returning to broad top line stability in full year 2017-2018. To achiever this, the company will reduce capex, reshuffle debt, and streamline assets, and then focus on returning to growth.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Broadcast & Satellite
Companies: Eutelsat
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Argentina's Velconet to use Eutelsat capacity for broadband

Published 09 Mar 2017 09:34 CET | Argentina
Eutelsat Americas has announced a contract to provide broadband services across Argentina, Peru, Paraguay and Chile via the ...

Eutelsat says satellite reaches 91% of TV homes in MENA

Published 16 Nov 2016 10:58 CET | Africa
Eutelsat Communications has released the results of its new survey on TV reception modes and trends across the Middle East ...

Eutelsat builds replacement video satellite for EU, Maghreb

Published 11 Oct 2016 14:05 CET | Europe
Eutelsat Communications selected Airbus Defence and Space and Orbital ATK to build a new satellite for the key 5 degrees West ...

Eutelsat reports stable FY revenue and confirms guidance

Published 29 Jul 2016 11:45 CET | World
Satellite operator Eutelsat reported full-year revenue of EUR 1.53 billion, representing a growth rate of 0.2 percent on a ...

Bocquet joins Eutelsat as head of spectrum management policy

Published 29 Jul 2016 08:44 CET | Europe
Eutelsat Communications appointed Wladimir Bocquet in the new post of director of Spectrum Management Policy. He joins Eutelsat ...

StarTimes renews and expands Eutelsat capacity deals

Published 07 Jul 2016 11:09 CET | Africa
StarTimes and Eutelsat Communications have signed multi-year agreements for accelerated roll-out of digital broadcasting ...

Eutelsat issues EUR 500 mln eurobond

Published 17 Jun 2016 14:09 CET | World
Eutelsat said it has successfully issued EUR 500 million worth of 5-year senior unsecured bonds. The 1.125 percent Eurobond due ...