Edition:
United Kingdom

Eutelsat Has Sold Its Interest In Eutelsat 25b Satellite For Eur 135 Million.


Thursday, 9 Aug 2018 

Aug 9 (Reuters) - Eutelsat Communications SA ::DISPOSAL OF EUTELSAT’S INTEREST IN EUTELSAT 25B SATELLITE.HAS SOLD ITS INTEREST IN EUTELSAT 25B SATELLITE OPERATED AT 25.5 DEGREES EAST TO CO-OWNER OF SATELLITE, ES'HAILSAT, FOR A CONSIDERATION OF EUR 135 MILLION..'S SHARE OF SATELLITE GENERATED FY2018 REVENUES OF C.EUR 16 MILLION IN VIDEO APPLICATION..IT HAS NO IMPACT ON EUTELSAT'S REVENUE OBJECTIVES.DIVESTMENT WILL BE ABSORBED WITHIN GROUP'S EBITDA MARGIN TARGET.DISCRETIONARY FREE CASH FLOW OBJECTIVE EXCLUDES IMPACT OF DISPOSAL..