Eutelsat Q3: 'Financially stretched'

Eutelsat removing Russian channels from satellites

Eutelsat Communications has confirmed the removal of two Russian-originated channels from its satellites.  In March, French communications regulator Arcom gave Eutelsat formal notice to stop broadcasting Russian channels STS and Kanal 5. The channels are controlled by the Russian company JSC National Media Group, whose economic resources have been frozen at the instigation of the Council of the European Union, as part of a ban on their broadcast…

Eutelsat Q3: 'Financially stretched'

Paris-based satellite operator Eutelsat has unveiled its Q3 results, which were much as expected. CFO Christophe Caudrelier – handling the presentation given Eva Berneke’s departure and the new CEO not due to start until June 1st – told analysts that Eutelsat needed a large injection of equity to enable much-needed loans to kick in. The […]

The satellite operator is in talks with investors for a new financing plan and confirms its prospects for 2025.