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Eutelsat sells 51% stake in Euro Broadband Infrastructure to Viasat

2020-11-19 11:10:00| Telecompaper Headlines

(Telecompaper) Satellite operator Eutelsat has announced the disposal of its 51 percent holding in Euro Broadband Infrastructure (EBI), a subsidiary operating the Ka Sat satellite and providing broadband services on a wholesale basis across European and Mediterranean markets. Viasat, EBI's current co-owner, will take full control of the company for an initial consideration of EUR 140 million. Two years following completion of the deal, the final price of the stake may be adjusted upwards or downwards by up to EUR 20 million, subject to a number of revenue targets over this period. The sale is expected to close during the first three months of 2021.

Tags: to euro infrastructure broadband