Eutelsat confirms interest in Hellasat

Eutelsat CEO Giuliano Berretta has told an Italian newspaper that he is interested in acquiring Hellasat, the Greek national satellite operator, owned by telco OTE.
This is not the first time that Eutelsat has had Hellasat in its sights, given the appeal of its footprint which is Europe-wide and also includes much of Turkey, the Eastern Mediterranean and the densely-populated portions of Egypt. Hellas 2, operating from 39 deg East, also has its S1 spot-beam capable of reaching much of southern Africa. Perhaps even more valuable is the craft’s S2 beams which cover the whole of the Middle East, Iraq and Iran, Pakistan and Central Asia.

Mr Berretta told Italian business newspaper Il Sole 24 Ore that consolidation among leading satellite operators was completed and only "small shopping operations" remained in Europe. Asked specifically if Eutelsat would take part in such deals, Berretta said, "If there is the opportunity, it is possible. For example, we are interested in Hellasat."