PARIS — Satellite fleet operator Eutelsat reported a sharp decline in government business for the six months ending Dec. 31 and said its fixed broadband business, core to the company’s growth strategy, likely would report no increase for the fiscal year ending June 30.
It will only be next year that the company’s connectivity business, where Eutelsat’s future lies, will start to provide the promised growth.
Paris-based Eutelsat had warned investors that its pivot from a high-dividend, stable-revenue broadcast-centric business to . . .
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