Reuters exclusively reports telecoms tycoon Drahi in talks to buy French satellite firm Eutelsat - Reuters News Agency
Business & FinanceDeals

Reuters exclusively reports telecoms tycoon Drahi in talks to buy French satellite firm Eutelsat

Reuters exclusively reported that telecoms tycoon Patrick Drahi is in talks to buy French firm Eutelsat in a deal that would see one of his investment vehicles take direct control of the Paris-listed satellite operator. Drahi is working with banks on the project and recently made a bid approach for Eutelsat which has a market value of 2.3 billion euros and is backed by state investor Bpifrance with a 20% stake. Eutelsat, one of the world’s leading commercial satellite operators, has turned down Drahi’s initial proposal, a Reuters source said, adding the price was deemed too low but talks remained active.

Article Tags
Topics of Interest: Business & FinanceDeals
Type: Reuters Best
Sectors: Business & Finance
Regions: Europe
Countries: France
Win Types: Exclusivity
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Important Regional Story
Altice
Sign up for email updates
Subscribe
Sign up for email updates