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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.
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.