Eutelsat Invests in Broadpeak
Eutelsat Communications has made a circa 20 percent investment in Broadpeak, a provider of video content delivery solutions. Broadpeak is a supplier of Content Delivery Network (CDN) technologies, aiming to optimize the delivery of video content over terrestrial and satellite networks. Eutelsat’s investment in Broadpeak is a further step in its strategy to integrate satellite into the Internet Protocol (IP) ecosystem, following the launch in September 2018 of Eutelsat CIRRUS, its hybrid satellite Over-the-Top (OTT) solution.
Eutelsat and Broadpeak will pool their technological resources to expand their respective portfolios of services for telecom operators, media groups, and content owners by offering them turnkey video delivery solutions. They will also work together on projects aimed at integrating satellite technology into the 5G generation of mobile networks. Eutelsat’s investment, in the form of shares and convertible bonds, represents a consideration of circa $11.3 million (10 million euros).
Jean-Hubert Lenotte, Chief Strategy and Resources Officer at Eutelsat: “We are delighted to partner with Broadpeak with whom we have been working since 2015. This association with a recognised and innovative leader in video content delivery solutions will enable us to expand our offer in this area. Following the launch of Eutelsat CIRRUS last September, this investment reflects our strategy to accelerate the integration of IP and satellite technologies by expanding the portfolio of technological solutions available to our broadcast customers to distribute content to viewers across multiple channels.”