Eutelsat gains broadband carriage over Spain

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Eutelsat has signed a distribution agreement with Masmovil to supply its Ka-Sat broadband-by-satellite capacity to users in Spain.

The contract offers broadband access speeds of up to 50Mbps and data downloads from 30GB to 150GB per month. Fees will start at €37.9 per month. The service will launch in January.

Equity analysts at investment bank Exane/BNPP were generally positive. “Ka-Sat was launched in 2010 and has seen satellite subscriber numbers grow, plateau, and then decline in recent years. In our view, Eutelsat has struggled building a strong distribution network. Signing a major telco operator to distribute its capacity in a region where Ka-Sat is underpenetrated is positive news. This news also leads us to believe that Masmovil could become a distributor of next generation Konnect VHTS capacity when it launches in 2021. This distribution agreement underpins our return to growth forecasts for Eutelsat Fixed Broadband division.”

“Eutelsat is in the process of opening further countries for its Konnect Africa project. It opened Congo last week. The company currently has signed 10 distributors and claims to have a further 20 in the pipeline, including gas stations, banks as well as Internet Service Providers in Africa,” adds the bank.


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