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France : EUTELSAT COMMUNICATIONS purchases GE-23 satellite from GE CAPITAL.

On Thursday, Eutelsat Communications, one of the world's leading satellite operators, announced completion of the transaction to purchase GE-23 satellite, associated customer contracts and orbital rights from GE Capital. The deal has received all required regulatory approvals.

Renamed as Eutelsat 172A, the satellite now forms part of Eutelsat's fleet. Presently, technical and commercial teams is been deployed for ensuring a smooth transition for existing customers.

Eutelsat Communications CEO Michel de Rosen said, We are delighted to announce finalisation of this acquisition that brings three key assets to Eutelsat: first, a high-quality satellite equipped with a flexible payload of C and Ku-band capacity in great demand over the Asia-Pacific region. Secondly, the transaction includes orbital rights at 172A East, giving us an exceptional platform to serve dynamic markets in the region as well as headroom for further expansion.

CEO added, Thirdly, we are acquiring a portfolio of quality customer relationships that we are excited to serve. This satellite adds further ballast to Eutelsat's organic growth initiatives, notably our Eutelsat 70B satellite which is equipped with a dedicated Asian beam and on track for launch later this year.

The satellite was built by Thales Alenia Space and was launched in December 2005 with expected performance for 15 years.

The satellite from geostationary orbit at 172A East, provides entire coverage over the Asia-Pacific region through a payload of 20 Ku-band transponders accessing five interconnecting beams and 18 C-band transponders connected to a trans-Pacific beam.

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Publication:Mena Report
Date:Sep 30, 2012
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