ETL Eutelsat Communications SA

Eutelsat Renews Long-Term Video Capacity Agreement with Digiturk

Regulatory News:

Eutelsat Communications (Paris:ETL) (NYSE Euronext Paris: ETL) and Digiturk beIN MEDIA GROUP have concluded a multi-year multi-transponder agreement on the EUTELSAT 7A satellite, extending a collaboration that began in 2000 with the launch of Turkey’s first pay-TV platform that is today the platform of choice for TV homes in Turkey.

Digiturk, Turkey’s largest pay-TV operator, has confirmed it will use 17 transponders on the EUTELSAT 7A satellite to broadcast a broad array of content that includes the Turkish Football Super League and the Tahincioglu Basketball Super League. Digiturk broadcasts 221 channels to approximately 3.5 million subscriber homes.

Since the acquisition of Digiturk by beIN MEDIA GROUP in August 2016, Digiturk has pursued its customer-oriented and innovative focus under the umbrella of a media giant operating in 40 countries in five continents. As a member of beIN MEDIA GROUP, Digiturk benefits from synergies with the Group’s international network and its global know-how and expertise. As a trailblazer for HD broadcasting in Turkey, Digiturk has displayed a consistent commitment to the highest signal quality and is pursuing this track record with the country’s first full-time Ultra HD channel.

Customised satellite capacity

Digiturk broadcasts exclusively from Eutelsat’s 7° East video neighbourhood, using the EUTELSAT 7A satellite that was designed with a customised high-power beam over Turkey and into Western Europe. Customised back-up capacity is also secured via the colocated EUTELSAT 7B satellite.

Yousef Al-Obaidly, CEO of Digiturk, said: “We are very happy to continue our agreement with Eutelsat, our solution partner since Digiturk launched. The beIN Media Group believes in the future of this country and its market, and plans to continue its investments. The most important focus for us during this transformation process is customer satisfaction. The renewal of our agreement with Eutelsat underpins this belief. In pursuing our relationship with Eutelsat our subscribers can continue to focus their antennas to the 7° East position and we can provide service continuity through a colocated Eutelsat satellite. With Eutelsat, we are continuing our successful journey to make our business much stronger.

Rodolphe Belmer, CEO of Eutelsat, said: “We are delighted to pursue a relationship that is now in its 17th year with Digiturk. The power and reach of our EUTELSAT 7A satellite ensures that Turkish TV homes have access to compelling content and innovation that continues to enhance their viewing experience. We look forward to taking our collaboration to a new level and to supporting Digiturk’s drive to remain in the vanguard of Turkey’s broadcast market.”

About Eutelsat Communications

Established in 1977, Eutelsat Communications (Euronext Paris: ETL, ISIN code: FR0010221234) is one of the world's leading and most experienced operators of communications satellites. The company provides capacity on 39 satellites to clients that include broadcasters and broadcasting associations, pay-TV operators, video, data and Internet service providers, enterprises and government agencies. Eutelsat’s satellites provide ubiquitous coverage of Europe, the Middle East, Africa, Asia-Pacific and the Americas, enabling video, data, broadband and government communications to be established irrespective of a user’s location. Headquartered in Paris, with offices and teleports around the globe, Eutelsat represents a workforce of 1,000 men and women from 37 countries who are experts in their fields and work with clients to deliver the highest quality of service.

For more about Eutelsat please visit www.eutelsat.com

www.eutelsat.fr – Follow us on Twitter @Eutelsat_SA and Facebook Eutelsat.SA

EN
27/07/2017

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Eutelsat Communications SA

Eutelsat Communications SA: Update following bond refinancing

Our credit view of Eutelsat reflects its improved credit metrics and financial profile in light of the recent right issue and the refinancing exercise.

Felix Fischer ... (+6)
  • Felix Fischer
  • Filipe Botelho
  • Haidje Rustau
  • Jayanth Kandalam
  • Peter Low
  • Si Yong Ng

Lucror Analytics - Morning Views Europe

In today's Morning Views publication we comment on developments of the following high yield issuers: Nemak, Aston Martin, International Personal Finance, Assemblin Caverion, Nimlas, Vallourec, TDC NET, Eutelsat, Telecom Italia, Techem, Elior, Ineos Quattro, Odfjell Drilling, Centrient, Encore Capital (formerly Cabot), OPmobility, Grupo Antolin

Haidje Rustau
  • Haidje Rustau

Eutelsat - Tear Sheet - Lucror Analytics

Eutelsat is in the market with a EUR 1.5 bn equivalent senior unsecured notes offering comprising five-year and seven-year tranches, along with a EUR 400 mn term loan offering. Proceeds from the offerings will be used to repay subsidiary Eutelsat SA’s EUR 600 mn senior unsecured bonds due 07/27 and EUR 600 mn senior unsecured notes due 04/29, as well as the issuer’s EUR 400 mn term loan due 06/27. The proceeds will also be used to place EUR 215 mn of cash on balance sheet and pay transaction fee...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch