Advanced Television

Exane/BNPP

Bank: “Difficult to make Starlink work financially”

Technically, Elon Musk’s Starlink is working well. Musk’s generous supply of free Starlink terminals to fighters and military logistical technicians in Ukraine is both praiseworthy and a clear example as to how emergency supply of equipment can be managed. But making Starlink work for a global audience is a different – and major – problem, […]

June 15, 2022

Report: Video game sales down 8% in April

As the world’s lockdowns end, the Video game sector is suffering commensurately. According to NPD, US total spending on video games (content, hardware, accessories) decreased by -8 per cent in April. NPD suggests that the Christmas/New Year holiday period showed disappointing results. For example, December’s sales were down 1 per cent compared with 2020 and […]

May 17, 2022By Chris Forrester

French Senate eyes tougher plurality rules

French broadcasting rules and obligations are probably the toughest in Europe, and are likely to become even more rigid. The French senate has published a report on media concentration, which some observers say was prompted by the merger proposals between TF1 and M6 and the Vivendi take-over bid of Lagardère. A report to clients from […]

April 4, 2022

US to boost satellite communications budget

US President Joe Biden, in his plans for next year, shows a potential increase in the US space budget for defence and satellite communications. While the overall budget grows by 2 per cent, the amount suggested for the US Space Force is upped by 26 per cent. A report from investment bank Exane/BNPP says that […]

March 30, 2022

Bank approves SES’s DRS acquisition

On March 21st satellite operator SES announced it was buying governmental solutions business DRS Global Enterprise Solutions (GES), a US subsidiary of Italian Leonardo DRS. The $450 million (€408.8m) move has been analysed by investment bank Exane/BNPP which believes there is a “strong strategic rationale” behind the acquisition. Leonardo Chief Executive Alessandro Profumo said the […]

March 24, 2022

OneWeb abandons Russian launch

London-based broadband satellite operator OneWeb has abandoned its planned Russian launch of 36 extra craft for its mega-constellation. The decision was taken at a OneWeb board meeting held in London. The launch should have taken place from Baikonur in a Russian-controlled portion of Kazakhstan on March 4th. But Russian space agency Roscosmos had demanded that […]

March 3, 2022By Chris Forrester

Bank: Eutelsat could switch off Russia transponders

Eutelsat executives say they have about 6 per cent of group revenues exposed to Russian activity. The bulk of this comes from distribution deals on Russian pay-TV systems operated by Tricolor and NTV+. A report from analysts at investment bank Exane/BNPP forecasts a scenario – unconfirmed by the company – where the French government requests […]

March 2, 2022

SES: C-band extra benefits examined

SES unveiled its end-of-year numbers on February 24th and in its post-results analysts call, CEO Steve Collar explained that the satellite operator was “well ahead” of its work to prepare for FCC-mandated C-band conversion work for the SES. Collar stated the C-band Phase 2 work meant SES was on track to receive the remaining $3bn […]

February 25, 2022

Bank examines Jio, SES deal

A major Joint Venture from Reliance Jio, the giant Indian telco, and satellite operator SES, which will see Jio use the SES capacity for broadband connectivity for its Indian customers. Investment bank Exane/BNPP says the move is a major endorsement for SES and in particular its mPower fleet of satellites. The bank says: “The endorsement […]

February 15, 2022

Bank examines SES and Eutelsat

SES and Eutelsat, Europe’s pair of important satellite operators, have come under the microscope from investment bank Exane/BNPP. SES comes out of the report well. Eutelsat, less so. The bank forecasts that by 2024 it estimates that SES could be 24 per cent ahead in terms of its EBITDA numbers and therefore with a 45 […]

February 9, 2022By Chris Forrester