Eutelsat Communications Update on Operations at 28.5° East
PARIS, October 4, 2013 /PRNewswire/ --
Eutelsat Communications (NYSE Euronext Paris: ETL) has ceased operations of transponders using frequencies under a German filing on the EUTELSAT 28A satellite. The operation was completed in the best interest of customers in the night of 3-4 October. All transponders using other frequency bands on EUTELSAT 28A continue full operations.
Revenues from the disputed frequencies were expected to be approximately €20m for the remainder of the fiscal year 2013-2014 and approximately €25m for each of the two following years. Eutelsat and SES are in discussions to find a solution regarding the subject matter of the arbitration*. If necessary, Eutelsat will adjust the financial outlook published on 30 July 2013 once the outcome is known.
* Please refer to Eutelsat and SES joint press release of 4 October 2013.
About Eutelsat Communications
With capacity commercialised on 31 satellites delivering reach of Europe, the Middle East, Africa, Asia, significant parts of the Americas and the Asia-Pacific, Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is one of the world's leading satellite operators. As of 30 June 2013, Eutelsat's satellites were broadcasting more than 4,600 television channels to over 200 million cable and satellite homes in Europe, the Middle East and Africa. The Group's satellites also provide a wide range of services for TV contribution, corporate networks and fixed and mobile broadband markets. Headquartered in Paris, Eutelsat and its subsidiaries employ over 780 commercial, technical and operational professionals from 30 countries. http://www.eutelsat.com
SOURCE Eutelsat Communications