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Eutelsat S.A. today announced that its Supervisory Board has decided to initiate the process of an Initial Public Offering, which may occur before the end of this year, subject to market conditions. The IPO would contribute to supporting the continued growth of Eutelsat that ranks as one of the world’s leading satellite operators for broadcast, telecommunications and Internet-related services.
Eutelsat S.A. sees multiple opportunities for profitable growth and rapid entry into new markets in an industry sector marked by increasing consolidation. In addition to continuing its path of geographic expansion, notably into North and South America and the Indian sub-continent, the company is pursuing a strategy of service expansion beyond its core European TV broadcasting market into broadband services.



Notes to Editors



Eutelsat was transformed in July 2, 2001 into a limited liability company under the french law from an international Organization. Within the framework of the approval process for this transformation that was required from the European Commission, Eutelsat notified the Commission in 2000 that it would carry out a public offering of 30 per cent of shares within two years of the date of privatisation.



About Eutelsat


Eutelsat S.A. is one of the world's leading providers of satellite communications solutions. With its fleet of 18 satellites and additional capacity on three other satellites Eutelsat provides seamless coverage across four continents, encompassing Europe, the Middle East, Africa, south-west Asia and North and South America. Six satellites are under construction with launches planned over the next two years. Eutelsat's satellite infrastructure gives it the flexibility to offer TV and radio broadcasting services, corporate network solutions and a portfolio of IP applications including distribution of rich multimedia content, rapid Internet access and Internet backbone connections. From its strategic HOT BIRD™ orbital position and other orbital positions, Eutelsat transmits more than 1000 television and 550 radio stations to 98 million cable and satellite homes. Eutelsat is one of the principal investors in HISPASAT, Spain’s national satellite operator with reach of the Iberian peninsula and Latin America. With headquarters in Paris, Eutelsat's workforce comprises 380 people from 23 countries.


For more information please contact:


Kelly Grant or Magdalen Bush on 020 7580 0222 email: kelly.grant@keycommunications.co.uk; magdalen.bush@keycommunications.co.uk


Frédérique Gautier : fgautier@eutelsat.fr - Tel :+33 1 53 98 38 88


Web site : http://www.eutelsat.com

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