Newly Privatised Eutelsat Announces Strategic Investment In Hispasat

SPACEMART

Eutelsat will be a key strategic shareholder and partner in Hispasat. The agreement was signed in Madrid by Hispasat's CEO Antonio Martin Marin, its shareholders (Auna, Telefonica Media and BBVA) and Giuliano Berretta, Chairman of Eutelsat's Management Board and CEO.

Paris - August 8, 2001
Eutelsat S.A, one of the world's leading satellite operators, has signed an agreement with Hispasat, Spain's national satellite operator, to acquire 21.15 per cent of the company with the potential to increase its stake in excess of 30 per cent.

Eutelsat and Hispasat also announced that they are establishing a joint venture company called Amazonas that will launch a satellite to 61 degrees West in 2003 with the purpose of commercialising capacity in the Americas and the transatlantic marketplace.

Eutelsat will participate together with Hispasat in this company, that will develop new products and services with particular focus on the broadband market.

Eutelsat's investment in Hispasat will be completed in two phases. Eutelsat will acquire 17 per cent of the existing shareholders' capital released in proportion to their holdings and will simultaneously acquire five per cent through the subscription to a capital increase of Hispasat.

In the second phase Eutelsat could potentially acquire up to a further eight per cent of the company from shareholders and five per cent through newly issued shares.

Said Giuliano Berretta: "This substantial investment in Hispasat and the commitment to combine our strengths in the Amazonas satellite programme for Latin America underscores Eutelsat's clear objective to take centre stage in the global satellite market.

Achieved exactly one month after our privatisation this investment perfectly matches our determination to strengthen our presence in a region where we have already committed significant resources in the form of Atlantic Birds 1 and 2 and where we anticipate exciting business growth. This alliance incorporates the synergies and added value that we seek in developing strategic partnerships."

The investment in Hispasat and the creation of the joint venture company meets Eutelsat's objectives of accelerating its presence in the fast-growing Latin American market and of developing a product offering in Europe that best serves the needs of its customers.

It will provide Latin American businesses with access to Europe where Eutelsat is the leading operator for broadcasting, multimedia and business services. It offers significant opportunities for synergy by jointly running satellite systems and sharing technology.

SPACEMART

Euphon Contracts Eutelsat To Build SatCom Solution

Turin - July 23, 2001
Leading Italian mulitmedia group Euphon has signed an agreement with Eutelsat, one of the world's leading providers for satellite communications solutions, to create a new satellite infrastructure for telecommunications services, TV/multimedia distribution and data transmission.

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.