PARIS--(BUSINESS WIRE)--
Regulatory News:
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) and Saudi Arabia’s Advanced Telecommunications Solutions and Services (ATSS) have renewed their satellite capacity agreement on the EUTELSAT 8 West B satellite reinforcing the long-standing collaboration between the two companies. The contract signing took place during the LEAP event in Riyadh, Saudi Arabia.
ATSS is a leader in satellite communications in the MENA region. Under this latest agreement, it will continue to leverage the unparalleled Ku-band coverage of the EUTELSAT 8 West B satellite to deliver premium broadcast services across the Middle East and North Africa.
The deal further cements Eutelsat’s 7/8 degrees West position as the leading video hotspot in the region and ensures ATSS and its customers can continue the exclusive distribution of multiple television channels to the millions of homes across its footprint.
José Ignacio González-Núñez, RVP, MENA & Americas Sales Video Business Unit said, “Eutelsat is delighted to extend its partnership with ATSS. This renewal reflects our ongoing commitment to supporting ATSS’s growth by strengthening its capabilities in broadcasting, enabling it to further enhance its customer offer.”
“This collaboration with Eutelsat Group is a pivotal step in expanding our satellite service portfolio, ensuring secure and resilient connectivity for clients across various industries,” said Eng. Abdullah Alosaimi, Chief Executive Officer of ATSS. “By integrating Eutelsat’s advanced satellite capabilities, we continue to drive digital transformation and smart connectivity across the Kingdom.”
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About Eutelsat Group
Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 35 Geostationary satellites and a Low Earth a (LEO) constellation of more than 600 satellites. The Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group’s unique suite of in-orbit assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,500 people across more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL).
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DISCLAIMER
The forward-looking statements included herein are for illustrative purposes only and are based on management’s views and assumptions as of the date of this document. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable law. The information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable.
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