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Eutelsat sells stake in 25B satellite to Es’hailSat
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Eutelsat has sold its interest in Eutelsat 25B to the satellite’s co-owner Es’hailSat for €135 million.
Eutelsat described the 25.5° East satellite as a “non-core asset” and said the sale was part of its policy of maximising cash generation.
The satellite generated revenues of roughly €16 million for Eutelsat in full-year 2018 from video services.
The company said the sale will have no impact on its revenue objectives and will be absorbed into the group’s EBITDA margin target.
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