Eutelsat Communications Concludes Acquisition of GE-23
Expanding footprint to high growth Asia-Pacific markets
 

25 September, 2012

Eutelsat Communications announced closure of the transaction to acquire the GE-23 satellite, associated customer contracts and orbital rights from GE Capital, having obtained all required regulatory approvals.

The satellite, renamed EUTELSAT 172A, is now part of Eutelsat's fleet, with technical and commercial teams working to ensure a smooth transition for existing customers.

Commenting on the acquisition, Michel de Rosen, CEO of Eutelsat Communications, said, "We are delighted to announce finalisation of this acquisition that brings three key assets to Eutelsat: first, a high-quality satellite equipped with a flexible payload of C and Ku-band capacity in great demand over the Asia-Pacific region. Secondly, the transaction includes orbital rights at 172° East, giving us an exceptional platform to serve dynamic markets in the region as well as headroom for further expansion. Thirdly, we are acquiring a portfolio of quality customer relationships that we are excited to serve. This satellite adds further ballast to Eutelsat's organic growth initiatives, notably our EUTELSAT 70B satellite which is equipped with a dedicated Asian beam and on track for launch later this year."