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Eutelsat First Quarter 2006-2007 Revenues Up 6% |
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PARIS, Nov. 10, 2006/Satnews Daily/ ― Eutelsat Communications (Euronext Paris: ETL) has reported that Group revenue rose 6 percent year-on-year to 199.5 million euros and at constant exchange rates, revenue grew by 6.5 percent.
Eutelsat said video applications also achieved a 10.7 percent growth to 13.8 million euros, cornering 71.6 percent of first quarter revenues, as a result of the entry into service of the Hot Bird 7A satellite on April 20, 2006.
It added the entry into service on July 1, 2006 of the Atlantic Bird 4 satellite, which added 15 additional transponders to 7/8 degrees West, activated contracts recently concluded with operators in the Middle East.
However, Eutelsat said data and value added services revenue was down by 1.4 million euros, dropping 3.4 percent year-on-year but up 1.6 percent quarter-on-quarter.
Giuliano Berretta, chief executive officer, said the revenue growth reflects the strong performance of video applications, which are a source of the company’s long-term contracts. “This segment now accounts for more than 70 percent of total revenue and reinforces the distinctive profile of the Eutelsat Group, which combines visibility, growth and high profitability,” he said.
Eutelsat’s revenue from value-added services providing high-speed Internet access in areas not served by broadband terrestrial networks was also up 4.6 percent year-on-year despite the technical incident on W1 which led to the loss of one transponder dedicated to this activity.
Multi-usage first quarter revenue was 14.7 million euros, with the renewal of all government service contracts which had expired during the quarter. Revenue from this segment was down 1.5 million euros, down 9.1 percent year-on-year.
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