Joshua Warner of Alliance News is reporting that Satellite Solutions Worldwide Group PLC shares rose on Thursday after noting comments from the French government that the country's plans to roll-out universal high-speed broadband have been brought forward by two years and that its ambitions cannot be achieved through fiber alone.
Satellite Solutions looks likely to try to capitalize on the acceleration of the high-speed broadband roll-out in France, according to the Morningstar infosite which posted the Alliance News report, as Satellite Solutions offers satellite-supplied broadband and communications to those in rural areas or as an emergency back-up when standard providers fail to deliver a service through the usual cable service.
French President Emmanuel Macron recently announced his relatively new government wants to accelerate the roll out of universal high-speed broadband coverage in France, with the existing target of 2022, brought forward to the end of 2020.
Satellite Solutions cited Macron as stating that it is impossible to keep the promise of fiber in to all households in France. This promise is untenable technologically and financially.
Nearly 30 million French homes have fibre broadband, the remaining 2 million households which cannot be connected economically to the fiber network will have broadband delivered through a combination of satellite, optical fiber and mobile Internet.