From Procurement and Tender News
Eutelsat Communications announced it has reached an agreement to acquire 100% of Satelites Mexicanos, S.A. de C.V. (“Satmex”) for an enterprise value of US$1,142 million. This acquisition, together with the recently ordered EUTELSAT 65 West A satellite, will position the Group as a major satellite operator in Latin America, reflecting its strategy to expand in high growth markets.
Michel de Rosen, Eutelsat CEO, said: “The acquisition of Satmex, together with the order announced yesterday of our satellite for 65Â° West will make Eutelsat a key operator in vibrant digital markets across Latin America. With Satmex’s strategic orbital slots, state of the art fleet and upcoming satellites, Eutelsat is gaining a robust platform from which to access the significant opportunities in this region. Via these two strategic steps, we are significantly upscaling our presence in Latin America to complement our footprint in fast-growing markets, and securing future sources of growth and value creation.”
Patricio Northland, CEO of Satmex, added: “This is a very positive outcome for the shareholders and other stakeholders of Satmex, and I am delighted at the prospect of Satmex joining the Eutelsat Group. Our fleet will provide Eutelsat with a unique strategic opportunity to enter the fast-growing Latin American market and obtain premier orbital locations across the continent. Our clients will benefit from the integration of our network into Eutelsat’s world-class satellite fleet and operations. This transaction would not have been possible without the dedication and leadership of Satmex’s management team, as well as its world-class employees.” Continue>