We have entered exclusive negotiations for the carve-out and partial sale of our ground segment infrastructure assets 📡
This contemplated transaction with EQT, the global private equity investor, consists of the carve-out of our passive ground infrastructure assets, consisting of land, buildings, support infrastructure, antennas and connectivity circuits for the combined portfolio of teleports and satellite network portals (SNPs). This will form a new company which will be incorporated as a standalone legal entity. EQT will own 80% of the capital, while Eutelsat Group will remain committed as a long-term shareholder, customer and partner of the new company, with a 20% holding.
On completion, Eutelsat will enter into a long-term framework master service agreement, covering services to be rendered by the new company – assuring the seamless continuity of our activities at the same high level of efficiency, reliability and security.
Commenting on this agreement, Eva Berneke, Chief Executive Officer of Eutelsat Group, said:
“We are proud to become the first satellite operator to undertake this innovative operation, building on the model adopted in other industries, and enabling us to optimise the value of our extensive ground network. In EQT we have found a partner of the highest quality, who shares our vision.
“This transaction represents a win-win situation for all parties, enabling Eutelsat to strengthen its financial profile, whilst continuing to rely on the unparalleled quality and reliability of its ground infrastructure. Moreover, we are confident that with the backing of EQT, the business will be in a position to fully embrace the opportunities opening up to it as the new Global leader in this dynamic sector.”
Full details on this agreement are available on our website, via the link the comments ⬇️