Eutelsat stabilizes video business, increases free cash flow; sees broadband, satellite IoT as growth drivers

by Peter B. de Selding

PARIS — Protecting its video broadcast cash cow investing in consumer broadband and an IoT constellation remain Eutelsat’s business focus, alongside rewarding its shareholders with a 7%-plus dividend a share-buyback program.

These were the themes of the company’s year-end financial results, which displayed a much more optimistic view of the future than on recent calls where missed targets were a concern.

Thanking its lucky stars for not having much video business in the United States, and for sticking mainly with direct-to-home . . .

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