{"id":264364,"date":"2026-01-29T22:23:09","date_gmt":"2026-01-29T22:23:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/264364\/"},"modified":"2026-01-29T22:23:09","modified_gmt":"2026-01-29T22:23:09","slug":"eutelsats-ground-infrastructure-sale-falls-through","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/264364\/","title":{"rendered":"Eutelsat\u2019s ground infrastructure sale falls through"},"content":{"rendered":"

TAMPA, Fla. \u2014 Eutelsat said a planned sale of its passive ground infrastructure to a private equity firm announced in August 2024 will not proceed, eliminating roughly 550 million euros ($658 million) in expected proceeds.<\/p>\n

The French satellite operator and a fund run by EQT Partners of Sweden announced Jan. 29 that their deal had been called off after failing to meet unspecified conditions.<\/p>\n

When the deal was announced, the companies said the transaction hinged on regulatory approvals, as well as consultations with French security authorities and employee representative bodies.<\/p>\n

The transaction would have seen Eutelsat carve out land, buildings, antennas and other passive infrastructure assets<\/a> and sell a majority stake to EQT Infrastructure VI, creating what the operator said would be the world\u2019s largest pure-play, operator-neutral ground station-as-a-service company.<\/p>\n

According to Eutelsat, the negative annualized impact on adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) associated with the deal amounted to between 75 to 80 million euros.<\/p>\n

The company said the failed deal does not affect its financial objectives for the fiscal year ending June 2026, with the exception of net debt-to-EBITDA now expected to be around 2.7 times at the end of the period, versus 2.5 times previously.<\/p>\n

Eutelsat also said the outcome does not affect its ability to fund its growth strategy, which recently saw the company order the remaining 340 satellites<\/a> needed to replenish its low Earth orbit (LEO) OneWeb broadband constellation.\u00a0<\/p>\n

Last year, the operator completed a 1.5 billion euro capital raise led by the French government, which has also committed to purchasing OneWeb services over 10 years as LEO connectivity takes on growing strategic and geopolitical importance.<\/p>\n

EQT said it remains fully committed to SatPort Infrastructure, which it created to buy a majority stake in the carved-out ground infrastructure business. Eutelsat had agreed to reinvest to own 20% of SatPort Infrastructure as part of the deal.<\/p>\n

\u201cSatPort Infrastructure will continue to pursue its strategy of building a resilient, secure and scalable satellite ground infrastructure platform, serving a broad range of satellite operators, governments and enterprise customers,\u201d EQT said in a news release.<\/p>\n

\n\tRelated<\/p>\n","protected":false},"excerpt":{"rendered":"TAMPA, Fla. \u2014 Eutelsat said a planned sale of its passive ground infrastructure to a private equity firm…\n","protected":false},"author":2,"featured_media":264365,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[138616,63,60786,30163,85,46,19313,141,3443,145],"class_list":{"0":"post-264364","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-space","8":"tag-eqt-partners","9":"tag-europe","10":"tag-eutelsat","11":"tag-ground-segment","12":"tag-il","13":"tag-israel","14":"tag-oneweb","15":"tag-science","16":"tag-sn","17":"tag-space"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/264364","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=264364"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/264364\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/264365"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=264364"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=264364"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=264364"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}