GLOBAL Technologies selects Eutelsat to support West Africa Power Pool project

Established in 1999 by ECOWAS (Economic Community of West Africa States), the WAPP project aims to interconnect the power grids of 14 West African countries.GLOBAL Technologies was awarded the telecommunications part of the project, and through this contract signature, will leverage EUTELSAT 10A satellite’s dedicated coverage of West Africato monitor the main power distribution sites across the region.

Philippe Oliva, Eutelsat’s Chief Commercial Officer, said: “After a successful partnership in Mauritania three years ago, we are delighted to be working alongside GLOBAL Technologies once again with assisting WAPP in achieving its ambitious shared energy project in the West African region over the coming months.”

 

Jean-Paul Steinitz, CEO of GLOBAL Technologies, said: “To support WAPP in its vision to promote and develop power generation and transmission infrastructures across West Africa, we have teamed up with Eutelsat to leverage the prime capacity available on its EUTELSAT 10A satellite.Thanks to Eutelsat’s reliable and cost effective satellite coverage of the region, GLOBAL Technologies will contribute to offer a better and cheaper access to power for millions of people by delivering telecom infrastructure to connect the WAPP countries.”

More info

Broadpeak raises 10 million euros from Eutelsat

Eutelsat Communications  and Broadpeak announce a circa 20% investment in Broadpeak, an industry leader in video content delivery solutions.

Broadpeak is a supplier of CDN (Content Delivery Network) technologies optimising the delivery of video content over terrestrial and satellite networks to provide end-users with best-in-class viewing quality on all their devices. Eutelsat’s investment in Broadpeak is a further step in its strategy to integrate satellite into the Internet Protocol (IP) ecosystem, following the launch in September 2018 of Eutelsat CIRRUS, its hybrid satellite-OTT solution giving satellite TV channels and operators the ability to offer a flexible and homogeneous multi-screen consumer experience.

Eutelsat and Broadpeak will pool their technological resources to expand their respective portfolios of services for telecom operators, media groups and content owners by offering them turnkey video delivery solutions enabling them to respond to the rising demand for video content on all networks. They will also work together on projects aimed at integrating satellite technology into the 5G generation of mobile networks.

Eutelsat’s investment, in the form of shares and convertible bonds, represents a consideration of circa 10 million euros.

Jean-Hubert Lenotte, Chief Strategy and Resources Officer at Eutelsat: “We are delighted to partner with Broadpeak with whom we have been working since 2015. This association with a recognised and innovative leader in video content delivery solutions will enable us to expand our offer in this area. Following the launch of Eutelsat CIRRUS last September, this investment reflects our strategy to accelerate the integration of IP and satellite technologies by expanding the portfolio of technological solutions available to our broadcast customers to distribute content to viewers across multiple channels.”

Eutelsat_logo

Jacques Le Mancq, co-founder and Chairman, explains that this operation is a new chapter in Broadpeak’s development: “This investment by Eutelsat will enable us to strengthen our team and finance the strong growth of our business. We are very excited to develop our partnership with Eutelsat, with whom we will build next-generation services to deliver, optimize and monetize high-quality video experiences for end-users, whether at home or on the move.”

More info

In-flight internet: decision by French “Conseil d’Etat” on authorisation issued by Arcep

The Conseil d’Etat refers several preliminary questions to the Court of Justice of the European Union. This subject was already brought before the Court of Justice in a ruling by the Brussels Court of Appeal in 2018. The issues referred to the Conseil d’Etat on behalf of Eutelsat confirm and support the questions raised by the Belgian court.

This decision by the Conseil d’Etat confirms the uncertainties raised by Eutelsat as to whether the Arcep decision complies with European regulations regarding the conditions for operating a mobile satellite system, as Eutelsat considers that this system should be predominantly based on a satellite system, and not on terrestrial relay antennas.

Eutelsat announces two changes to its Executive Committee

These changes are effective as of 1 July this year.

Philippe Oliva, aged 46, currentlyExecutive Vice-President, Sales and Products, succeeds Michel Azibert as Chief Commercial Officer. In this role, he will be responsible for defining and supervising the commercial policy, as well as generating revenue for the Group.

Jean-Hubert Lenotte, aged 51, currently Director of Strategy and Strategic Marketing, will also be taking charge of the Deployment Department and will be responsible for Eutelsat’s satellite fleet, frequency management and resource planning. This newly revamped department will now be known as the Strategy and Resources Department.

Michel Azibert will remain Deputy Chief Executive Officer and, in this role, will participate in all matters of importance to the Group.

Previously Director of Deployment, Jacques Dutronc will become Director of Development, coordinating Group-wide business development projects.

Michel Azibert, Jacques Dutronc, Jean-Hubert Lenotte and Philippe Oliva will report to Rodolphe Belmer, Group Chief Executive Officer, alongside the other members of the Executive Committee: Yohann Leroy, Julie Burguburu, Antoine Mingalon and Sandrine Téran.

Philippe Oliva began his career as a consultant in the consultancy firm CIMAD, before joining IBM in 1999, where he held several senior positions. These included head of Business Services France, then Vice President of the services offered by the Technological Infrastructure Department. He also coordinated the launch of the Cloud business and Hybrid Cloud services in France, then in the United States, where he spent several years. He held the position of Vice President in charge of strategic accounts at IBM before joining Eutelsat in September last year.

Philippe is a French national and a graduate of the Ecole Supérieure des Ingénieurs Commerciaux.

Jean-Hubert Lenotte began his career with the Bouygues Group, taking part in the creation of its subsidiary Bouygues Telecom in 1994. In 1997, he joined the McKinsey firm in Paris, where he was appointed Associate Director in 2004. In 2009, he joined McKinsey’s global Telecommunications, Media and Technology Division, where he was in charge notably of consumer-related issues. He joined Eutelsat as Director of Strategy in 2013 and became a member of the Executive Committee in 2016 as Director of Strategy and Strategic Marketing.

Jean-Hubert Lenotte is a Belgian national and an Ecole Polytechnique graduate. He holds a Master’s degree in economy and finance from the Institut d’Etudes Politiques in Paris.

More info

Eutelsat announces successful 8-year bond issuance

Eutelsat has taken advantage of the current competitive market environment to raise long-term financing with a 8-year maturity on attractive terms. The transaction was well received by a diversified investor base, demonstrating the market’s confidence in Eutelsat’s long-term business model.

The Bonds will be issued at 99.822 per cent and will be redeemed at 100 per cent of their principal amount at maturity. They will have a coupon of 2.250 per cent per annum and will be cleared through Euroclear France, Clearstream and Euroclear. An application will be made for the Bonds to be listed on the Official List, and admitted to trading on the regulated market, of the Luxembourg Stock Exchange. The Bonds will mature on 13 July 2027. Delivery and settlement are expected on or around 13 June 2019.

Together with other sources of cash on its balance sheet, the Bonds will enable Eutelsat S.A. to redeem the outstanding bonds issued on 13 December 2013 for a total principal amount of €930 million, bearing interest on its principal amount at a fixed rate of 2.625 per cent per annum and due January 2020.

This operation is expected to contribute to maximize Discretionary Free Cash-Flow and will generate a further pre-tax cash interest saving of approximately €10 million on an annualized basis from FY 2020-21, following the €24 million reduction of this item generated by the previous bond issue in September 2018. Furthermore, this transaction will allow Eutelsat to extend its debt maturity profile.

More info

EUTELSAT 7C arrives in Kourou ahead of 20 June launch

Built by Maxar Technologies, the 3.4 tonne satellite will serve markets across Africa, Europe, the Middle East and Turkey through 49 36-Mhz equivalent Ku-band transponders. It will be co-located with EUTELSAT 7B at 7° East, increasing capacity for this dynamic neighbourhood by 19 transponders. EUTELSAT 7A will be relocated as part of Eutelsat’s fleet optimisation strategy.

The launch is scheduled for 20 June during a launch window opening at 21:43 UTC and closing at 23:30 UTC.

The satellite will go into full commercial service at the end of 2019 following all electric orbit raising and in orbit tests.

More info

Eutelsat America Corp. to participate in NASA’s Space Relay Partnership and Services Study

Eutelsat America Corp. has been selected by NASA for the Next Space Technologies for Exploration Partnerships-2 (NextSTEP-2) as part of the NASA Space Relay Partnership and Services Study.

The NextSTEP-2 programme seeks to establish partnerships with US companies to evaluate the incorporation of commercial elements into the future space relay services that will be provided by the agency’s Space Communications and Navigation (SCaN) Networks.

This first stage, for which Eutelsat America Corp. has been selected, is a five-month study that will examine how relay communications and navigation services can be provided on commercial platform solutions based on standards interoperable across commercial and NASA networks. The study will determine the elements required to incorporate NASA’s optical technology onto commercial spacecraft. This project could open the door to the use of Public-Private Partnerships to develop and introduce new operational capabilities for future use by NASA.

David Bair, CEO of Eutelsat America Corp., said: “We are delighted to have been selected for this study by NASA as they evaluate partnerships with commercial operators across the industry to foster the growth of the commercial satellite communications relay services market. This project could benefit future NASA missions for new and greater scientific discovery, in alignment with the NASA envisioned Next Generation Architecture. We look forward to the success of this initial stage and to continuing to work with NASA as this project grows.”

More info