PARIS, September 25, 2012 /PRNewswire/ --
Eutelsat Communications (Euronext Paris: ETL), one of the world's leading satellite operators, today announced closure of the transaction to acquire the GE-23 satellite, associated customer contracts and orbital rights from GE Capital, having obtained all required regulatory approvals.
The satellite, renamed EUTELSAT 172A, is now part of Eutelsat's fleet, with technical and commercial teams working to ensure a smooth transition for existing customers.
Commenting on the acquisition, Michel de Rosen, CEO of Eutelsat Communications, said, "We are delighted to announce finalisation of this acquisition that?brings three key?assets?to Eutelsat: first, a high-quality satellite?equipped with a flexible payload of C and Ku-band capacity in great demand over the Asia-Pacific region. Secondly, the transaction includes orbital rights at 172? East,?giving us an exceptional?platform to serve?dynamic?markets?in?the region?as well as?headroom for further expansion. Thirdly, we?are?acquiring a?portfolio?of quality customer relationships?that we are excited to serve. This satellite?adds further ballast to?Eutelsat's organic?growth?initiatives, notably?our?EUTELSAT 70B satellite?which is?equipped with a dedicated Asian beam?and?on track for?launch later this year."
Built by Thales Alenia Space, the satellite was launched in December 2005 with expected performance for 15 years. From geostationary orbit at 172? East, it offers unique coverage over the Asia-Pacific region via a payload of 20 Ku-band transponders accessing five interconnecting beams and 18 C-band transponders connected to a trans-Pacific beam. Leveraging its comprehensive coverage and high-bandwidth capability, EUTELSAT 172A already offers a broad range of telecom services to a diverse base of blue chip customers.
About Eutelsat Communications
Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is the holding company of Eutelsat S.A. With capacity commercialised on 29 satellites that provide coverage across Europe, as well as the Middle East, Africa and significant parts of Asia and the Americas, Eutelsat is one of the world's three leading satellite operators. As of 30 June 2012 Eutelsat's satellites were broadcasting more than 4,250 television channels to over 200 million cable and satellite homes in Europe, the Middle East and Africa. The Group's satellites also serve a wide range of fixed and mobile telecommunications services, TV contribution markets, corporate networks, and broadband markets for Internet Service Providers and for transport, maritime and in-flight markets. Eutelsat's broadband subsidiary, Skylogic, markets and operates high speed Internet services through teleports in France and Italy that serve consumers, enterprises, local communities, government agencies and aid organisations in Europe, Africa, Asia and the Americas. Headquartered in Paris, Eutelsat and its subsidiaries employ just over 750 commercial, technical and operational professionals. This culturally diverse staff comprises employees from 30 countries. http://www.eutelsat.com
SOURCE Eutelsat Communications
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