Telecoms tycoon Patrick Drahi, having earlier this month bought a large slice (12.1 per cent) of BT, has made a bid to buy Eutelsat. Drahi is said to have offered a €2 (17 per cent) premium over Eutelsat’s current €10.35 share price. Drahi controls the cellular and cable business Altice. A September 30th statement from […]
The first-quarter results from satellite operator SES were buoyant, and helped by a commitment to buy in €100 millions-worth of its own shares for cancellation helped boost SES’s share price by almost 10 percent. At the end of the day the shares were up 9.3 per cent to – a still miserable in some eyes […]
Earlier this week Giles Thorne, a media & telecoms analyst at investment bank Jefferies, gave Eutelsat a set of rosy expectations and a target share price of €18. A similar examination of prospects for satellite operator SES does not deliver the same optimistic forecasts… Indeed, the bank’s summary is pretty miserable, and despite a ‘Buy’ […]
Giles Thorne, an equity analyst at investment bank Jefferies, said the SES results prompted a review of the satellite company’s prospects. Jefferies now rates SES a “Buy” with a share price target of €16 (they ae currently around €6.30). SES CEO Steve Collar had reminded analysts on the results call that SES is now carrying […]
Eutelsat’s DTH broadcast channel count have reduced by 4 per cent this past year (to 6788 channels) while HD channels – included in the overall total – have grown significantly over the past few years. Since June 2017, HD penetration is up 53 per cent, from 1097 channels to 1679 channels at June 30th this […]