Paris-based Eutelsat Communications announced a deal to acquire 100% of Satmex for US$831 million, representing an enterprise value of US$1,142 million when considering the company’s debt.
Eutelsat said this acquisition, together with the recently ordered EUTELSAT 65 West A satellite, will position it as a major satellite operator in Latin America, reflecting its strategy to expand in high growth markets.
Michel de Rosen, Eutelsat CEO, said: “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.”