Last updated on April 18, 2014 at 1:21 EDT

Eutelsat Communications First Half 2012-2013 Results in Line With Targets

February 7, 2013

PARIS, February 7, 2013 /PRNewswire/ –

Note: This press release contains unaudited condensed consolidated half-year accounts
prepared under IFRS which was reviewed by the Audit Committee 5 February 2013 and approved
by the Board of Directors of Eutelsat Communications on 7 February 2013.

        - Revenue growth: +5.2% at EUR633.6 million, including EUTELSAT 172A; +3.3%
          at constant currency
        - Profitability:
             - EBITDA[1] up 4.9% to EUR501.9 million; industry-leading EBITDA margin of
             - Group share of net income up 13.9% to EUR178.5 million; net margin at
        - Excellent visibility: record backlog of EUR5.4 billion
        - Fleet expansion programme on track with successful launches of EUTELSAT 21B,
          EUTELSAT 70B and integration of EUTELSAT 172A
        - Current and three year targets confirmed

The Board of Directors of Eutelsat Communications (ISIN: FR0010221234 – Euronext
Paris: ETL) approved the financial results for the half-year ended 31 December 2012.

        Six months ended 31 December                       2011      2012  Change

                    Key elements of consolidated income statement

        Revenues                                  EURm    602.4     633.6   +5.2%
        EBITDA                                    EURm    478.5     501.9   +4.9%
        EBITDA margin                                     79.4%     79.2%  -0.2pt
        Group share of net income                 EURm    156.8     178.5  +13.9%
        Diluted earnings per share                 EUR    0.713     0.813  +13.9%

                 Key elements of consolidated statement of cash flows

        Net cash flows from operating activities  EURm    333.2     406.8  +22.1%
        Capital expenditure                       EURm    241.8  388.7[2]  +60.7%
        Operating free cash flows                 EURm     91.4      18.1  -80.2%

                         Key elements of financial structure

        Net debt                                  EURm  2,379.6   2,612.9   +9.8%
        Net debt/EBITDA                              X     2.53      2.66


        Backlog                                  EURbn      5.3       5.4   +0.5%

Commenting on the half year 2012-2013 results, Michel de Rosen, CEO of Eutelsat
Communications, said: “We are pleased to report robust results for first half 2012-2013,
with revenue growth of over 5% and an EBITDA margin exceeding 79%. The record backlog of
EUR5.4 billion underscores our long term visibility on revenues and cash flows.

Two new satellites, EUTELSAT 21B and EUTELSAT 70B were successfully launched in the
first half and recently entered into service, and the recently acquired EUTELSAT 172A was
smoothly integrated into the fleet. These three advances mark another milestone in the
Group’s expansion programme that will lead to an increase of in-orbit resources by more
than 30% in the three-year period from June 2012 to June 2015.

At the half year point, Eutelsat remains fully on track to meet its current year and
mid-term targets of top-line growth of 5 to 6% for the current fiscal year and a CAGR of 6
to 7% for the three years to June 2015, and an EBITDA margin of around 77%.”


1. EBITDA is defined as operating income before depreciation and amortisation,
impairments and other operating income/(expenses)

2. Includes US$228 million for the acquisition of EUTELSAT 172A and related assets


Note: Unless otherwise stated, all growth indicators or comparisons are made against
the previous half year ended December 31, 2011. The share of each application as a
percentage of total revenues is calculated excluding “other revenues” and “non-recurring

Revenues by business application (in millions of euros)

                                                           (in EUR
        Six months ended December 31      2011    2012    million)  (in %)
        Video Applications               403.3   430.7       +27.4   +6.8%
        Data & Value-Added Services      117.8   124.9        +7.1   +6.0%
        Data Services                     95.2    93.7        -1.5   -1.5%
        Value-Added Services              22.7    31.2        +8.5  +37.6%
        Multi-usage                       74.4    72.7        -1.8   -2.4%
        Other revenues                     3.3     5.4        +2.1  +62.5%
        Sub-total                        598.9   633.6       +34.7   +5.8%
        Non-recurring revenues             3.5       -        -3.5      nm
        Total                            602.4   633.6       +31.2   +5.2%

Group revenues rose 5.2% in the first half 2012-2013 to EUR633.6 million (+3.3% at a
constant euro-US dollar exchange rate). Excluding non-recurring revenues, growth was 5.8%.

Second quarter revenues (excluding non-recurring revenues) stood at EUR319.2 million,
up 3.9% (+2.9% on a constant currency basis).

VIDEO APPLICATIONS (68.6% of revenues)

Video Applications recorded revenue growth of 6.8% to EUR430.7 million, reflecting the
ongoing strong performance of the Group’s leading video neighbourhoods.

Growth at 7degree(s)/8degree(s) West and 16degree(s) East was fuelled by the take-up
of new capacity added in the previous year:

        - The 7degree(s)/8degree(s) West video neighbourhood serving broadcast
          clients in the Middle East and North Africa remains highly dynamic, with the number of
          TV channels up 25% year-on-year to 618 (+125). This position benefited from new and
          expansion capacity on EUTELSAT 7 West A, operational since 24 October 2011. This key
          video neighbourhood will once again be reinforced in 2013 with the redeployment of a
          satellite to 8degree(s) West, in keeping with the Group's optimisation of its in-orbit
        - At the 16degree(s) East neighbourhood, serving broadcasters in Central Europe
          and Indian Ocean Islands, contracts were signed to support new TV channels, which rose
          12% to 588, (+61) at 31 December 2012. The expansion capacity on EUTELSAT 16A, which
          entered into service on 9 November 2011, continues to ramp up despite some competitive
          pressure in the Balkans.

Sustained channel growth and HDTV adoption across the fleet:

At 31 December 2012, the total number of TV channels broadcast by Eutelsat’s
satellites was 4,485, up 7.5% (+312) year-on-year. The channel count includes 398 HDTV
channels, up 40.6%, implying an overall HD penetration rate of 8.9% compared to 6.8% a
year earlier. The strongest channel growth was recorded at the 7degree(s)/8degree(s) West
video neighbourhood (+25%). 36degree(s) East, with coverage of Russia and sub-Saharan
Africa, showed the largest increase in HDTV channels (+97%). The HOT BIRD position at
13degree(s) East (covering Europe), 7degree(s)/8degree(s) West, 16degree(s) East and
7degree(s) East (covering Turkey) all reported growth in HD channels at rates higher than

Professional video and newsgathering services benefited during the period from a
number of special events, including the 2012 London Olympic Games.


Data and Value-Added services revenues amounted to EUR124.9 million (+6.0%).

Data Servicesrevenues declined by 1.5% to EUR93.7 million reflecting the full year
impact of factors identified in 2011-2012, notably competitive pressure in the African
market which remains, however, one of the strongest in terms of potential growth for fixed
satellite service operators, as well as the end of a contract with a late-paying customers
whose capacity has since been resold. EUTELSAT 172A, acquired on 25 September 2012,
contributed a full quarter to data revenues in the first half.

Eutelsat’s two most recently launched satellites, EUTELSAT 21B and EUTELSAT 70B,
became operational on 18 December 2012 and 16 January 2013 at 21.5degree(s) East and
70.5degree(s) East respectively and did not contribute to first half revenues. Existing
traffic at both positions was successfully transferred and expansion capacity is expected
to progressively ramp-up over the coming quarters.

Revenues for Value-Added Services stood at EUR31.2 million, up 37.6%.

Tooway(TM) consumer broadband services on KA-SAT contributed strongly to growth in
Value-Added Services, with 72,000 active Tooway(TM) consumer terminals at 31 December 2012
(from 52,450 at 30 June 2012). An enhanced consumer offer featuring higher bandwidths,
increased volume and more competitive pricing was made available to service providers from
1 February 2013. The professional business on KA-SAT is also developing; in October 12,600
professional terminals were deployed in the Ukraine during national parliamentary

The IP Easy service, launched in May 2012 and dedicated to broadband for SOHOs (Small
Office Home Office) in Africa, continued to ramp-up. This growth was insufficient to
offset the decline of the other D-Star offers which are transitioning to new-generation

Eutelsat continues to develop mobile connectivity services to maritime and
aeronautical markets. The cruise ship sector contributed to first half revenue growth via
the WINS subsidiary which provides capacity and services for on-board GSM and Internet
connectivity. In the market for in-flight Internet connectivity, Eutelsat has just
announced the launch of the Eutelsat Air Access service in Europe in the Ka-band. The
service will be commercially available from mid-2013 and operate through KA-SAT using
ViaSat technology.

MULTI-USAGE (11.6% of revenues)

Multi-usage revenues include short-term contracts for government administrations who
lease transponder capacity from service providers to meet regional coverage needs.
Revenues declined by 2.4% to EUR72.7 million, reflecting a weaker renewal campaign in
February/March 2012. Nevertheless, the outcome of the September/October 2012 renewal
campaign was in-line with expectations, and EUTELSAT 172A contributed to revenues of this
activity in the second quarter.

The two newest satellites, EUTELSAT 21B and EUTELSAT 70B, are well-positioned to meet
certain geographic needs for Multi-usage customers in the future.


Other revenues and non-recurring revenues stood at EUR5.4 million at 31 December 2012.
They comprise contributions from activity related to service contracts with partners,
equipment sales and the result of the Group’s foreign exchange hedging programme.


Backlog reaches a record high of EUR5.4 billion

The order backlog at 31 December 2012 stood at the record level of EUR5.4 billion,
reinforcing the Group’s long-term visibility on revenues and operating cash flows. It was
driven by strong commercial dynamic at some of the fastest growing video neighbourhoods,
particularly satellites addressing the Middle East and North Africa.

The backlog represents a weighted average residual life of contracts of 7.3 years and
is equivalent to approximately 4.4 times annual revenues for FY 2011-2012.

The order backlog includes EUTELSAT 172A, integrated in the fleet since September

Backlog key indicators:

        December 31                                         2010     2011     2012
        Value of contracts (in billions of euros)            4.9      5.3      5.4
        Weighted average residual life of contracts (in
        years)                                               7.9      7.3      7.3
        Share of Video Applications                        92.3%    93.0%    91.9%

The backlog represents future revenues from capacity lease agreements (including
contracts for satellites not yet delivered). These capacity lease agreements can be for
the entire operational life of the satellites.


As of 31 December 2012, the number of operational transponders on Eutelsat’s fleet of
30 satellites stood at 850, up 6.1% on December 31, 2011. The increase reflects the
integration of EUTELSAT 172A in September 2012 and EUTELSAT 21B in December 2012. As
EUTELSAT 70B became operational in January 2013 it is not reflected in the transponder
count at 31 December 2012.

Fleet evolution

                                31 December 2011 31 December 2012
        transponders                      801[*]           850[*]
        Leased transponders                  610              635
        Fill rate                          76.1%            74.7%

* Includes 82 KA-SAT spots as transponder equivalents. Fill rate considered at 100%
when 70% of capacity is taken up.


EBITDA remained high, representing a margin of 79.2%

Group EBITDA amounted to EUR501.9 million, up 4.9%. The 79.2% margin remains
industry-leading among FSS (Fixed Satellite Services) operators.

Operating expenses amounted to EUR131.8 million, up 6.4%, mainly reflecting the
increase in resources dedicated to reinforcing the Group’s commercial activity, including
the development of consumer and professional services on KA-SAT. This trend is expected to
continue in the second half of the fiscal year.

Group share of net income up 13.9%, net margin at 28.2%

Group share of net income stood at EUR178.5 million, an increase of EUR21.8 million
(+13.9%), reflecting:

        - Higher level of EBITDA (+4.9%),
        - Higher depreciation (+EUR10.3 million) mainly due to the full year effect of
          the two satellites launched in H1 2011-2012 (EUTELSAT 7 West A and EUTELSAT 16A),
        - Higher financial result (+EUR12.5 million) due to the non-recurrence of a
          one-off item in the previous year, not entirely offset by the increased financial
          interest on the Group's indebtedness, linked partially to a new EUR300 million bond,
        - Higher income from associates (+EUR1.0 million) with the strong performance of
        - Income tax increase limited to EUR4.7 million despite the tougher French tax
          environment, resulting in a decrease in the effective tax rate from 38.4% in H1
          2011-2012 to 36.6% in H1 2012-2013.

Extract from the consolidated income statement (in millions of euros)[3]

        Six months ended December 31                      2011     2012     Change
        Revenues                                         602.4    633.6      +5.2%
        Operating expenses[4]                          (123.9)  (131.8)      +6.4%
        EBITDA                                           478.5    501.9      +4.9%
        Depreciation and amortisation[5]               (153.0)  (163.3)      +6.8%
        Other operating income (expenses)                    -        -          -
        Operating income                                 325.5    338.6      +4.0%
        Financial result                                (66.9)   (54.4)     -18.7%
        Income tax expense                              (99.3)  (104.0)      +4.7%
        Income from associates                             5.2      6.2     +19.9%
        Portion of net income attributable to
        non-controlling interests                        (7.7)    (7.9)      +2.4%
        Group share of net income                        156.8    178.5     +13.9%


Net cash flows from operating activities amounted to EUR406.8 million (64% of

The Group recorded an increase of EUR73.6 million (+22.1%) in net cash flows from
operating activities to EUR406.8 million, representing 64.2% of revenues. This reflected
the increase in revenues combined with the improvement of receivables collection, and
lower taxes paid (-EUR27.8 million).

Capital expenditures amounted to EUR388.7 million including US$228 million for the
acquisition of EUTELSAT 172A and related assets.

Diversification of financing supports strong financial position

The Group further diversified its funding sources:

        - In October 2012, the Group successfully raised EUR300 million through the
          issuance of a new 10-year bond at the Eutelsat S.A. level. The coupon is 3.125%.
        - At 31 December 2012, the Group had drawn a total of US$46.3 million on a
          US$66.2 million export credit facility signed in May 2012 with the US Ex-Im Bank
          (Export-Import Bank of the United States) for the partial financing of a satellite
          programme. The facility will be repaid through 17 semi-annual instalments from
          November 2013 to November 2021. The facility bears interest at a fixed rate of 1.71%.

With the new financings in place, the average maturity of the Group’s indebtedness now
reaches 5.3 years.

The average cost of debt drawn by the Group was 5.00% (after hedging) in the first six
months of the 2012-2013 fiscal year.

The net debt to EBITDA ratio for the first half was 2.66 times, compared to 2.53 times
at 31 December 2011 and 2.48 times at 30 June 2012.

Net debt to EBITDA ratio

        As of December 31                                        2011        2012
        Net debt at the beginning of the
        period                                      EURm        2,198       2,374
        Net debt at the end of the period           EURm        2,380       2,613
        Net debt / EBITDA (Last twelve months)         X         2.53        2.66


3. For more details, please refer to Group condensed consolidated half-year accounts
at http://www.eutelsat.com.

4. “Operating expenses” is defined as the sum of operating costs plus selling, general
& administrative expenses.

5. Comprises amortisation expense of EUR22.2 million corresponding to the intangible
asset “Customer Contracts and Relationships” identified during the acquisition of Eutelsat
S.A. by Eutelsat Communications.

Net debt includes all bank debt, bonds and all liabilities from long-term lease
agreements, less cash and cash equivalents (net of bank overdraft).


Eutelsat confirms the outlook published on 30 July 2012 for the current year and three
years to June 2015.

        - Revenue targets at +5-6% for 2012-2013, and CAGR of 6-7% to June 2015,
          including the impact of the acquisition of EUTELSAT 172A;
        - EBITDA margin at around 77% for each fiscal year until June 2015;
        - Average capital expenditure of EUR500 million per annum over the three fiscal
          years to June 2015 (excluding EUTELSAT 172A);
        - Net debt to EBITDA ratio of below 3.3x, for a solid investment grade credit
        - Dividend pay-out ratio of 65% to 75% of Group share of net income.


Successful launches of EUTELSAT 21B and EUTELSAT 70B: both satellites in full
commercial service

EUTELSAT 21B was successfully launched by Arianespace on 10 November 2012 and entered
into commercial service at 21.5degree(s) East on 18 December 2012.

The satellite addresses users ranging from enterprises and government administrations
to broadcasters, news agencies and telcos. It offers increased bandwidth (40 Ku-band
transponders versus 29 on EUTELSAT 21A), higher power and improved flexibility. In
addition to an enhanced widebeam spanning Europe, North Africa, the Sahel and Central
Asia, it features two dedicated high-energy beams covering North-West Africa and the
Middle East/Central Asia optimised for data, broadband and professional video services.

EUTELSAT 70B was successfully launched by Sea Launch on 3 December 2012 and entered
into commercial service at 70.5degree(s) East on 16 January 2013.

This satellite has been custom-designed to optimise resources at 70.5degree(s) East
which is a point of reference for data services, broadband access, mobile backhauling and
professional video exchanges. With high frequency reuse, four powerful beams with coverage
of Europe, Africa, Asia and Australia are connected to 48 Ku-band transponders, more than
doubling capacity at 70.5degree(s) East.

Satellite redeployments


With the entry into service of EUTELSAT 21B, the EUTELSAT 21A satellite was redeployed
to 48degree(s) East (renamed EUTELSAT 48C).


With the entry into service of EUTELSAT 70B, EUTELSAT 70A is currently being
redeployed to 25.5degree(s) East (renamed EUTELSAT 25C) and will remain at this position
until the entry into service of EUTELSAT 25B, planned for in mid-2013. EUTELSAT 25A will
be redeployed from 25.5degree(s) East to an alternative location.


In July 2012, EUTELSAT 48B was redeployed at 28.5degree(s) East (renamed EUTELSAT 28B)
to address commercial opportunities outside Europe.

During H1 2012-2013, the Telecom 2D satellite was de-orbited.

Agreement with RSCC on developing 36degree(s) East and 140degree(s) East

On 1 November 2012, Eutelsat and RSCC (the Russian Satellite Communications Company),
the state-owned Russian satellite operator, announced an agreement whereby Eutelsat will
lease capacity for broadcasting and IP services on two RSCC satellites to be launched in
2013 and 2015. Express- 2 will be launched to 140degree(s) East in 2013, and
Express-AMU1 (EUTELSAT 36C) will be launched in 2015 to provide follow-on and expansion
capacity for EUTELSAT 36A at the 36degree(s) East position for Russia and sub-Saharan

Acquisition of EUTELSAT 172A

On 25 September 2012, the transaction to acquire the GE-23 satellite, associated
customer contracts and orbital rights from GE Capital, was finalised. The satellite,
renamed EUTELSAT 172A, is now part of Eutelsat’s fleet, with technical and commercial
teams ensuring a smooth transition for existing customers.

The addition of this satellite to the fleet complements Eutelsat’s organic growth
initiatives, notably the EUTELSAT 70B satellite, equipped with a dedicated Asian beam,
which became operational in January 2013.

EUTELSAT 8 West B procurement

On 11 October 2012, Eutelsat announced the procurement of the EUTELSAT 8 West B
satellite. It will be equipped with 40 operational Ku-band transponders designed primarily
to serve DTH markets in North Africa and the Middle East. It will also introduce a C-band
mission to 8degree(s) West, with 10 operational transponders in a footprint covering the
African continent and reaching west to South America.


The Ordinary and Extraordinary Annual General Meeting of Shareholders of Eutelsat
Communications was held on November 8, 2012 in Paris under the chairmanship of Jean-Martin
Folz, Chairman of the Board. The accounts for fiscal year 2011-2012 were approved, as well
as all resolutions put to the vote.

The Annual General Meeting of Shareholders also approved the proposal to distribute
1.00 euro per share, an increase of 11% over the previous year. This distribution, which
represents a pay-out ratio of 67% of Group share of net income, was paid on November 21,

The Annual General Meeting of Shareholders voted the appointment as new independent
directors of Miriem Bensalah Chaqroun, a Moroccan national, and Elisabetta Oliveri, an
Italian national.

Following its meeting of 7 February 2013, the Board of Directors of Eutelsat
Communications announced that Ross McInnes has been co-opted to the Board as an
independent director and will assume the chairmanship of the Audit Committee. He replaces
Olivier Rozenfeld who has resigned his seat after almost three years as an independent

The total number of directors now stands at ten, of which six are independent.


Consolidated accounts are available at http://www.eutelsat.com/investors/index.html

Results presentation for Analysts and Investors

Eutelsat Communications will hold an analysts and investors meeting in English on
Friday 8 February 2013 to present its financial results for the half year 2012-2013. The
meeting will take place at Group headquarters, 70 rue Balard, 75015 Paris, starting at
9.30am Paris time (welcome coffee at 8:45 am).

You can also follow this presentation, in English, by conference call on live. It can
be accessed via the following telephone numbers:

        - +33 (0) 1 70 99 32 12 (from France)
        - +44 (0) 207 162 0177 (from the U.K.)
        - +1 334 323 6203 (from the United States)

Access code: 927620#

A replay of the call will be available from February 8, 2013 at 3:00pm (Paris time) to
February 22, 2013 midnight (Paris time), by dialling:

        - + 33 (0) 1 70 99 35 29 (from France)
        - + 44 (0) 207 031 4064 (from the U.K.)
        - + 1 954 334 0342 (from the United States)

Access code: 927620#

There will be webcast live from the home page of the Investor Relations section at


Financial calendar

The financial calendar below is provided for information purposes only. It is subject
to change and will be regularly updated. (Note: financial releases are published after the
close of the market on the day indicated)

        - May 7, 2013: financial report for third quarter ended March 31, 2013
        - July 30, 2013: earnings for the full year ended June 30, 2013
        - October 29, 2013: financial report for the first quarter ended September 30,
        - November 7, 2013: Annual General Shareholders Meeting

About Eutelsat Communications (http://www.eutelsat.com)

Eutelsat Communications is the holding company of Eutelsat S.A. With capacity
commercialised on 30 satellites delivering reach of Europe, the Middle East, Africa, Asia,
significant parts of the Americas and the Asia-Pacific, Eutelsat Communications (Euronext
Paris: ETL, ISIN code: FR0010221234) is one of the world’s leading satellite operators. As
of 31 December 2012 Eutelsat’s satellites were broadcasting almost 4,500 television
channels to over 200 million cable and satellite homes in Europe, the Middle East and
Africa. The Group’s satellites also provide a wide range of services for TV contribution,
corporate networks and fixed and mobile broadband markets. Headquartered in Paris,
Eutelsat and its subsidiaries employ over 780 commercial, technical and operational
professionals from 30 countries.


Quarterly revenues by business application

                                            3 months ended
        In millions of
        euros           31/12/2011 31/03/2012 30/06/2012 30/09/2012 31/12/2012
        Applications         205.1      211.0      217.8      216.3      214.4
        Data &
        Services              58.2       57.9       59.3       61.1       63.8
        ...of which
        Data Services         46.8       45.0       44.9       44.9       48.8
        ...of which
        Services              11.4       12.9       14.3       16.2       15.0
        Multi-usage           38.2       37.0       35.0       34.1       38.6
        Other revenues         2.0        2.8      (1.1)        3.0        2.4
        Sub-total            303.6      308.7      311.1      314.4      319.2
        revenues               3.5          -          -          -          -
        Total                307.1      308.7      311.1      314.4      319.2

Change in net debt (in millions of euros)

                                                   Half-year   Full-year   Half-year
                                                      ending      ending      ending
        Period ending                             31/12/2011  30/06/2012  31/12/2012
        Net cash flows from operating activities       333.2       697.2       406.8
        Capital expenditure                          (241.8)     (487.5)     (388.7)
        Insurance indemnity on property and
        equipment                                          -           -           -
        Operating free cash flows                       91.4       209.7        18.1
        Interest and other fees paid. net             (34.6)     (146.0)      (24.8)
        Acquisition of non-controlling interests       (0.8)       (2.5)           -
        Distributions to shareholders (including
        non-controlling interests)                   (223.8)     (227.2)     (228.1)
        Acquisition of treasury shares                 (3.1)       (9.9)         0.6
        Other                                         (10.9)         0.2       (5.2)
        Decrease (increase) in net debt              (181.8)     (175.7)     (239.4)

Channels at video neighbourhoods serving Central and Eastern Europe, Russia, Middle
East, Africa

        Orbital position Markets                             31/12/2011 31/12/2012
        8degree(s) West  North Africa, Middle East                  493        618
        7degree(s) East  Turkey                                     210        216
                         Central Europe, Indian Ocean
        16degree(s) East islands                                    527        588
        36degree(s) East Russia, Africa                             697        743
        Total                                                     1,927      2,165

Estimated satellite launch schedule

                                    Estimated launch
        Satellite                    (calendar year)        Transponders
        EUTELSAT 3D*                         Q2 2013               37 Ku
        EUTELSAT 25B**                       Q3 2013        16 Ku / 7 Ka
        Express AT2***                       H2 2013                8 Ku
        EUTELSAT 3B                          H1 2014      51 (Ku, Ka, C)
        EUTELSAT 9B                          H2 2014               60 Ku
        EUTELSAT 8 West B                    H1 2015        40 Ku / 10 C
        EUTELSAT 36C***                      H2 2015  Up to 70 (Ku & Ka)

Note: Satellites generally enter into service one to two months after launch.


** Partnership satellite with Qatar Satellite Company, transponders indicated for
Eutelsat portion only

*** Partnership satellites with RSCC

SOURCE Eutelsat Communications

Source: PR Newswire