Eutelsat Statement

Rhea-AI Summary

Eutelsat Communications has unanimously rejected a proposal from Patrick Drahi, pricing the company's shares at 12.10 euros, inclusive of dividends. This decision reflects the governance bodies' assessment of the offer's appropriateness. Eutelsat, a leading satellite operator founded in 1977, services various markets, broadcasting approximately 7,000 television channels to over one billion viewers globally. The firm aims to maintain high service quality as it continues to operate a global fleet of satellites.

Positive

• Eutelsat maintains its position as a leading satellite operator with a strong global presence.
• The rejection of Patrick Drahi's offer indicates confidence in the company's current valuation and governance.

Negative

• The rejection of the offer may signal potential instability regarding investor interests and negotiations.

PARIS--(BUSINESS WIRE)-- Regulatory News:

Eutelsat Communications (Euronext Paris: ETL) (Paris:ETL) confirms that the proposal received from Mr. Patrick Drahi - and rejected unanimously by the relevant governance bodies of the company - prices Eutelsat at 12.10 euros per share, all dividend attached.

About Eutelsat Communications
Founded in 1977, Eutelsat Communications is one of the world's leading satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Around 7,000 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris, with offices and teleports around the globe, Eutelsat assembles 1,200 men and women from 50 countries who are dedicated to delivering the highest quality of service. Eutelsat Communications is listed on the Euronext Paris Stock Exchange (ticker: ETL).
For more about Eutelsat go to www.eutelsat.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20210930005382/en/

Media

Anne Méaux

Tel.: +33 6 89 87 61 76

ameaux@image7.fr

Joanna Darlington

Tel.: +33 1 53 98 31 07

jdarlington@eutelsat.com

Marie-Sophie Ecuer

Tel.: +33 1 53 98 32 45

mecuer@eutelsat.com

Jessica Whyte

Tel.: +33 1 53 98 46 21

jwhyte@eutelsat.com

Investors

Joanna Darlington

Tel.: +33 1 53 98 31 07

jdarlington@eutelsat.com

Cédric Pugni

Tel.: +33 1 53 98 31 54

cpugni@eutelsat.com

Alexandre Illouz

Tel.: +33 1 53 98 46 81

aillouz@eutelsat.com

Source: Eutelsat

FAQ

What was the proposed price for Eutelsat shares?

The proposed price was 12.10 euros per share, including dividends.

Who made the proposal to Eutelsat Communications?

The proposal was made by Patrick Drahi.

What is the stock symbol for Eutelsat?

The stock symbol for Eutelsat is ETL.

Why did Eutelsat reject Patrick Drahi's proposal?

Eutelsat's governance bodies deemed the offer inappropriate, favoring their current valuation.

How many television channels does Eutelsat broadcast?

Eutelsat broadcasts approximately 7,000 television channels.