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Eutelsat lowers guidance after weak sales in LatAm
2016-05-13 11:33:00| Telecompaper Headlines
(Telecompaper) Satellite operator Eutelsat said revenues for its third quarter to end March reached EUR 383 million, up 4.2 percent from the year before, or 1.1 percent on a like-for-like basis. The operator said revenue growth came in below expectations, forcing it to lower its guidance and rethink its company-wide growth strategy. Revenues in Q3 reflected a worse than expected environment in several emerging markets, in particular in Latin America, where much of the company's new capacity is targeted, and the spread of tough competitive conditions in Data Services to all markets.
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Category:Telecommunications