According to industry reports, BMA has learnt that Eutelsat is exploring options for its highly valuable ground station network. This includes a potential sale that could value the portfolio at more than US$850 million.
Eutelsat is currently collaborating with advisers to identify a suitable asset buyer. The unit has attracted interest from infrastructure investment firms, indicating the market’s recognition of Eutelsat’s value.
Final decisions have yet to be made, and Paris-based Eutelsat may elect to keep the business. A representative for Eutelsat declined to comment.
Under the strategic leadership of CEO Eva Merete Sofelde Berneke, Eutelsat is making significant moves in the competitive landscape of satellite networks. This is evident in its potential divestment, a decision that could potentially reshape the industry. This move follows its merger with UK-based peer OneWeb Ltd. last year and other industry deals, all aimed at competing with the likes of Elon Musk’s Starlink network.
Eutelsat’s ground station network consists of antenna systems and other facilities that provide connectivity for the company’s satellite network.
Last year, Eutelsat teamed up with telecom operator Vivacom to launch a ground station in Bulgaria. In January, the company said it was making final preparations to launch commercial service with Saudi Telecom Co. at their Tabuk ground station in the Gulf kingdom.
