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Eutelsat completed the acquisition of European satellite broadband activities of Bigblu Broadband for £38m.

Financials

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Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales1.1x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Disposal

Cross Border

satellite communication

Single Bidder

Majority

United Kingdom

Satellite

Completed

Private

Friendly

Synopsis

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Eutelsat, a European satellite operator, completed the acquisition of European satellite broadband activities of Bigblu Broadband, the largest distributor of satellite broadband packages in Europe, for £38m. "We are delighted to integrate the activities of BBBEurope which will greatly enhance our European broadband distribution network as we progressively bring into service next-generation capacity in the form of EUTELSAT KONNECT and KONNECT VHTS, capable of bringing fiber-like high speed internet connection to the many areas in Europe that remain unserved or under-served by terrestrial infrastructure. This deal represents an important step in our broader Broadband strategy," Rodolphe Belmer, Eutelsat CEO.

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