Eutelsat quits Viasat joint venture

Eutelsat is selling its majority share in its Euro-Broadband joint venture with Viasat.

Eutelsat is reorganising its Ka-band broadband-by-satellite strategy over Europe. It owned a 51 per cent stake in Euro-Broadband with Viasat of California holding 49 per cent. Eutelsat will receive an “initial consideration” of €140 million for its stake. This sum could be adjusted up – or down – depending on future trading revenues.

Source: Eutelsat quits Viasat joint venture