Analyst: Eutelsat's failed sale of ground station transaction may be due to regulatory issues.
Although French satellite operator Eutelsat's failure to complete the sale of its ground stations may disappoint some investors, analysts at Deutsche Bank say that the situation has changed since the deal was first announced in August 2024. These analysts add that Eutelsat completed a 1.5 billion euro financing in June, which should make future refinancing easier. Eutelsat did not disclose the reasons for the sale falling through, but the analysts believe that regulatory issues are the most likely cause, given that all parties had agreed to the deal. However, the analysts also note that there is still potential for further infrastructure deals in the satellite industry, given the market's interest in this sector. Eutelsat's stock price fell by 4.3%, closing at 2.25 euros.
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