Reuters logo
in 3 months
Eutelsat 3rd-quarter revenue falls on pricing pressure, excess capacity
May 11, 2017 / 4:14 PM / in 3 months

Eutelsat 3rd-quarter revenue falls on pricing pressure, excess capacity

1 Min Read

May 11 (Reuters) - Satellite operator Eutelsat Communications' reported a 4.9 percent drop in third-quarter revenue on Thursday, impacted by pricing pressure in its fixed-data business and excess capacity in its core video applications division.

Total third-quarter revenue was 364 million euros ($395.6 million). Revenue at the video applications division, which accounted for around two thirds of the company's business in 2016, fell 4.1 percent to 228.1 million euros.

The company confirmed its full-year and medium-term guidance. ($1 = 0.9200 euros)

Reporting by Alan Charlish in Gdynia; editing by Susan Thomas

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below