Eutelsat interested in SatMex?

Chris Forrester ©RapidTVNews | 17-03-2010

Eutelsat CEO Michel de Rosen confirmed in Washington Thursday that Eutelsat had previously looked at acquiring the SatMex assets (EchoStar pulled out of purchase talks earlier this week) but had left the then discussions in the hands of Hispasat, in which it has a shareholding and a common shareholder. Now it says it may re-enter the discussions.

Mr de Rosen said “We will probably look again,” although explained that the due diligence conducted by Hispasat had resulted in a lower valuation than that agreed by EchoStar and the SatMex management. “We have a philosophy of being creatively stingy,” he explained, “and I must stress an expansion [into Mexico] is not a ‘must’ for us.”

© Rapid TV News 2010

 

SatMex-Echostar-Eutelsat-Hispasat

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