FX.co ★ Eutelsat Mulls Options For Ground Network

Eutelsat Group, a French satellite operator, confirmed on Monday that it is considering various options for its ground network, following recent media speculations. While the group might partner with external infrastructure investors, the evaluation is still in its early stages. Therefore, it is not guaranteed to result in a definitive outcome.

As reported by Bloomberg and according to insiders, the Paris-based company is investigating various alternatives for its ground station network. These could entail a potential sale placing the portfolio's value at approximately €800 million, or $850 million.

Eutelsat Group is collaborating with consultants to find a purchaser for these assets, drawing attention from infrastructure investment companies. It's important to note that Eutelsat's ground station network comprises antenna systems and other facilities, which provide the necessary connectivity for its satellite network.