Statement Concerning Eutelsat Group’s Ground Network
May 06 2024 - 1:30AM
Business Wire
Regulatory News:
Pursuant to recent press speculation, Eutelsat Group (ISIN:
FR0010221234 - Euronext Paris / London Stock Exchange: ETL),
confirms it is analysing options to partner with external
infrastructure investors in its ground network.
At this time this analysis is preliminary in nature, and there
can be no certainty that it will lead to a specific outcome.
Eutelsat Group will communicate further only if and when this
analysis materialises into a potential transaction.
About Eutelsat Group
Eutelsat Group is a global leader in satellite communications,
delivering connectivity and broadcast services worldwide. The Group
was formed through the combination of the Company and OneWeb in
2023, becoming the first fully integrated GEO-LEO satellite
operator with a fleet of 35 Geostationary satellites and a Low
Earth Orbit (LEO) constellation of more than 600 satellites. The
Group addresses the needs of customers in four key verticals of
Video, where it distributes more than 6,500 television channels,
and the high-growth connectivity markets of Mobile Connectivity,
Fixed Connectivity, and Government Services. Eutelsat Group’s
unique suite of in-orbit assets enables it to deliver integrated
solutions to meet the needs of global customers. The Company is
headquartered in Paris and the Eutelsat Group employs more than
1,700 people across more than 50 countries. The Group is committed
to delivering safe, resilient, and environmentally sustainable
connectivity to help bridge the digital divide. The Company is
listed on the Euronext Paris Stock Exchange (ticker: ETL) and the
London Stock Exchange (ticker: ETL).
Find out more at www.eutelsat.com
DISCLAIMER
The forward-looking statements included herein are for
illustrative purposes only and are based on management’s views and
assumptions as of the date of this document. Such forward-looking
statements involve known and unknown risks. For illustrative
purposes only, such risks include but are not limited to: risks
related to the health crisis; operational risks related to
satellite failures or impaired satellite performance, or failure to
roll out the deployment plan as planned and within the expected
timeframe; risks related to the trend in the satellite
telecommunications market resulting from increased competition or
technological changes affecting the market; risks related to the
international dimension of the Group's customers and activities;
risks related to the adoption of international rules on frequency
coordination and financial risks related, inter alia, to the
financial guarantee granted to the Intergovernmental Organization's
closed pension fund, and foreign exchange risk. Eutelsat
Communications expressly disclaims any obligation or undertaking to
update or revise any projections, forecasts or estimates contained
in this document to reflect any change in events, conditions,
assumptions, or circumstances on which any such statements are
based, unless so required by applicable law. The information
contained in this document is not based on historical fact and
should not be construed as a guarantee that the facts or data
mentioned will occur. This information is based on data,
assumptions and estimates that the Group considers as
reasonable.
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version on businesswire.com: https://www.businesswire.com/news/home/20240505484695/en/
Media enquiries
Joanna Darlington Tel. +33 674 521 531
jdarlington@eutelsat.com
Anita Baltagi Tel. +33 643 930 178 abaltagi@eutelsat.com
Katie Dowd Tel. +1 202 271 2209 kdowd@oneweb.net
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