Advanced Television

Hispasat profits 5.5%

March 7, 2014

From David Del Valle in Madrid

The Spanish satellite operator Hispasat has increased its net benefit by 5.5 per cent to €54.3 million.

Hispasat declared a turnover of €201.4 million, up 0.57 per cent.  55.6 per cent of it came from Latin America, with the remaining 44.4 per cent from Europe and the North of Africa.

EBITDA reached €163.8 million, up 1.68 per cent, with investments amounting to €157.4 million mainly in the Amazonas 3 satellite, Amazonas 4A and Hispasat AG1.

The company, controlled by Abertis Telecom, is mainly relying on DTH, OTT and mobile data to continue growing.

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