Eutelsat makes €10MN investment in Broadpeak | Satellite | News | Rapid TV News
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As part of its strategy to develop next generation video services, leading satellite operator Eutelsat has announced a circa 20% investment in video content delivery solutions provider Broadpeak.

eutelsat broadpeak 15 NOv 2016 1The investment, worth around €10 million, is seen by Eutelsat as a further step in its strategy to integrate satellite into the Internet Protocol (IP) ecosystem, following the launch in September 2018 of Eutelsat CIRRUS, its hybrid satellite-OTT solution. Broadpeak core content delivery network (CDN) technologies optimise the delivery of video content over terrestrial and satellite networks to provide end-users with best-in-class viewing quality on all their devices.

The two companies say that going forward they will pool their technological resources to expand their respective portfolios of services for telecom operators, media groups and content owners by offering them turnkey video delivery solutions enabling them to respond to the rising demand for video content on all networks. They will also work together on projects aimed at integrating satellite technology into 5G mobile networks, an area in which Broadpeak has been active for the last couple of years.

Jacques Le Mancq, co-founder and chairman, remarked that the cash injection marked is a new chapter in Broadpeak’s development: “This investment by Eutelsat will enable us to strengthen our team and finance the strong growth of our business. We are very excited to develop our partnership with Eutelsat, with whom we will build next-generation services to deliver, optimise and monetise high-quality video experiences for end-users, whether at home or on the move.”

“We are delighted to partner with Broadpeak with whom we have been working since 2015,” said Jean-Hubert Lenotte, chief strategy and resources officer at Eutelsat. “This association with a recognised and innovative leader in video content delivery solutions will enable us to expand our offer in this area. Following the launch of Eutelsat CIRRUS last September, this investment reflects our strategy to accelerate the integration of IP and satellite technologies by expanding the portfolio of technological solutions available to our broadcast customers to distribute content to viewers across multiple channels.”