Eutelsat Mulls Options For Ground Network
(RTTNews) - French satellite operator Eutelsat Group confirmed Monday, following recent press speculation, that it is analysing options for its ground network.
The company may partner with external infrastructure investors, but the analysis is preliminary in nature at this time. There can be no certainty that it will lead to a specific outcome, the firm noted.
Earlier, Bloomberg reported, citing people familiar with the matter, that the Paris-based company is exploring options for its ground station network, including a sale, that could value the portfolio at more than 800 million euros or $850 million.
The company is working with advisers to seek a buyer for the assets, and the unit is drawing interest from infrastructure investment firms, the report said.
Eutelsat's ground station network includes antenna systems and other facilities, which offer connectivity for the company's network of satellites.
Canadian Dollar Advances Against Majors
Swiss Market Ends Higher For 2nd Straight Session
Major European Markets Close Slightly Weak
TSX Marches On, Hits Fresh Record High; Materials Stocks Rally
Bank Of Japan Holds Rate Steady; Plans To Lower ETF Holdings
Bay Street Likely To Open On Subdued Note
FTSE 100 Recovers After Slight Setback, Up Marginally At Noon
