Eutelsat lifts GEO satellite sector gloom, saying satellite TV remains strong worldwide

by Peter B. de Selding

PARIS — Satellite fleet operator Eutelsat on Feb. 16 sent a wave of warm feeling throughout the satellite sector with reassurances that satellite television is a growing, highly profitable business that is not about to be plowed under by OTT, cable and fiber alternatives.

Eutelsat, which in May 2016 had precipitated a broad market downturn by cutting its revenue forecasts, this time delivered surprisingly good news. The company’s shares were up 12% in trading on European markets. Rival SES, also traded in Europe, was up 5% and U.S.-traded Intelsat was up . . .

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