Eutelsat buys Middle East broadcast customer Noorsat for $75M

October 13, 2017 View this email in your browser Eutelsat buys Middle East broadcast customer Noorsat for $75M  WASHINGTON — Global fleet operator Eutelsat is buying Noorsat, a large satellite broadcaster that relied mostly on Eutelsat capacity to beam television channels across the Middle East.  The $75 million purchase fits what Eutelsat described as a "broader strategy of streamlining distribution within selected core video neighbourhoods where it can create value," according to an Oct. 13 statement.  Eutelsat expects to generate $15 million in annualized revenues from Noorsat's services that already rely on Eutelsat capacity. Sponsored by Delivering Affordable, Intelligent Solutions: Honeywell has unequalled expertise in developing and manufacturing hardware and systems to meet the high performance demands of space missions. We are helping to create the next generation of space flight excellence. Copyright © 2017 SpaceNews Inc., All rights reserved. Our mailing address is: SpaceNews Inc. 1414 Prince St, Suite 204 Alexandria, VA 22314