Hispasat-Intelsat deal covers Amazonas 4 electrical fail
DetailsJuan Fernandez Gonzalez | 15 February 2015
After a 2014 when Hispasat's Amazonas 4 had been the key to strengthen its position in the Latin American market, the company has now revealed the satellite is only working at 50% capacity after a huge electrical problem; which is why Intelsat came into the picture and agreed to share its infrastructure with the operator.
Hispasat's president Elena Pisonero told Spanish newspaper CincoDíasl, that the Amazonas 4 satellite, which offers broadband and TV broadcasting capacity across Latin America, was targeting the consumption increase during Brazil's World Cup last summer. The company is about to present its financial results for the year, and Pisonero says they have grown despite the setback.
“We were running against the clock in order to have the satellite operative within the World Cup, but an electrical problem caused half the satellite to stop working,” explained Pisonero. “We had estimated a certain amount of revenue from this operation, which has obviously disappeared, but I think we reacted great. Our crisis team searched for alternatives and we closed a win-win deal with Intelsat.”
Although there are no definitive results, 2014's revenue will be around €200 million, 60% of which is from Latin America. Brazil is already Hispasat's largest business and during 2015 Pisonero estimates it will be equivalent to the business Hispasat does in Europe and North Africa.