Spanish telecoms multinational Eurona has renegotiated its existing capacity contracts with Hispasat and Avanti and in the process will save €9 million annually.
Eurone says it is operational in more than 20 countries and has over 40,000 clients.
The company specialises in offering satellite broadband services in small rural towns and municipalities with fewer than 100,000 inhabitants.
Eurona said its new arrangements, which also includes the renegotiation of its capacity agreement with Avanti, will result in cost savings of close to €9 million a year, with a direct impact on its results.
Eurona says it took steps to review its long-term contracts “in a context of strong competition in the telecoms sector, which calls for prices and offers to be adapted to the reality of the market”.
It said that the deals also include all services related to the Moroccan market, allowing it to cover the connectivity needs of users while guaranteeing a more competitive price.