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Eutelsat to acquire Satmex for over USD 1.1 bln

2013-07-31 10:10:00| Telecompaper Headlines

(Telecompaper) Satellite operator Eutelsat Communications has agreed to acquire Satelites Mexicanos (Satmex). Eutelsat will acquire the entire share capital of Satmex for USD 831 million. Based on Satmex's reported net debt of USD 311 million at 31 March 2013, this price corresponds to an enterprise value of USD 1.142 billion. The transaction is expected to close by year-end, subject to government and regulatory approvals and other customary conditions.

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