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Eutelsat Submits Bid For SatMex

By | June 8, 2007

      Eutelsat Communications has submitted an offer with two Mexican partners (Miguel Aleman Group and Clemente Serna Group) for 100 percent ownership of the Mexican satellite operator Satelites Mexicanos (SatMex), Eutelsat announced June 7.

      The proposal has been submitted as per the sale process initiated by SatMex’s shareholders and managed by Morgan Stanley. Financial details were not disclosed.

      Competing bids are expected from several other companies. A spokeswoman for SES Americom, a putative bidder, cited a non-disclosure agreement and otherwise declined to comment.

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