For the six months ended 31 December 2018, Eutelsat posted revenues of €658.1 million, down 4.4% compared with the same time in 2017. Overall operating verticals’ revenues was €660.4 million, a yearly fall of 2.3%, of which video applications accounted for €432.1 million, down 2.5% on an annual basis. Eutelsat said that the year-on-year fall reflected lower professional video revenues in a context of continued price pressure as well as the impact of a lower contribution from Fransat. It also said that during the six months it has continued to build the foundations for its return to growth. Eutelsat will also now sell capacity directly to beIN Media, reflecting the direct approach implemented in the MENA region.

Source: Ethiopian News February 15, 2019 08:43 UTC