[Satellite News 10-22-08] Abertis Telecom, a subsidiary of Abertis, has reached an agreement to increase its stake in Hispasat, the Spanish satellite operator, Abertis said Oct. 21.
Abertis will purchase another 5 percent stake in Hispasat from EADS/CASA to increase its total shareholding in Hispasat to more than 32 percent. Abertis Telecom paid 35 million euros ($46.4 million) for the 5 percent stake.
In July, Abertis acquired 28.4 percent of Hispasat for 199 million euros ($263.63million) from Ensafeca Holding Empresarial (previously Auna) and BBVA, private shareholders in Hispasat.
Abertis Strengthens Hispasat Position
Space42 and Skylo Test D2D Test on Thuraya-4
Space42 and Skylo conducted direct-to-device (D2D) testing on the Thuraya-4 satellite, successfully demonstrating both SMS and SOS messaging. The partners said in a July 9 announcement they expect to roll […]
Trending Now
-
Government/MilitaryL3Harris and Sierra Space Receive $1.75B for SDA Tranche 3, Tracking Layer
