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Satnews Daily
October 23rd, 2008

Getting More Of Hispasat


Hispasat + Amazonas A five percent stake in Hispasat has been acquired by abertis, through that Company's abertis telecom subsidiary. The agreement to acquire this portion of the Spanish satellite operator was made with EADS/CASA and raises abertis' Hispasat stake to 32.4 percent. They are now the Spanish satellite system's largest shareholder and broadens the geographical scope of the Company's telecommunications business. Hispasat's fleet consists of three satellites, those being Hispasat-1C, -1D, and Amazonas-1. They offer coverage over Europe, North Africa, and America, providing AV and business services, broadband solutions, and advanced communications systems. Additionally, two other satellites are managed... Spainsat and Xtra-Eur. Hispasat expects to launch three new satellites over the upcoming years.