Eutelsat reports record revenue growth

First quarter results up 11.6 percent; MEA resources doubled.
Eutelsat chairman and CEO, Giuliano Berretta.
Eutelsat chairman and CEO, Giuliano Berretta.

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Satellite operator Eutelsat reported record revenue growth for the first quarter, the company has announced.

The 11.6 percent rise pushed the company’s revenue to US $375m with video applications accounting $267m.

The firm has attributed much of this growth to its expansion in the Middle East and Africa. The launch of Atlantic Bird 4A at seven degrees West has doubled its capacity over the region, according to Eutelsat.

The company is looking to take advantage of the roll-out of digital TV and the coming spread of HDTV channels in buoyant markets such as the Middle East and Eastern Europe.

“Our video business has also benefited from the expansion of HDTV which requires on average 2.5 times the bandwidth used by a standard digital channel,” said Giuliano Berretta, chairman and CEO, Eutelsat Communications.

“Meanwhile, increased initiatives at national and regional levels to deliver broadband to users beyond range of ADSL are stimulating demand for our value-added broadband services for businesses, communities and consumers,” he added.

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