One commentator called the award of the IRIS² contract to the SpaceRISE consortium comprising Eutelsat, SES and Hispasat and showing “a sign of life, at last, for Europe’s satellite internet” and adding that Europe’s nations did not want to remain “beholden to Starlink or other networks”. Those sentiments may be true, but hard-headed bankers such […]
The fallout from the collapsed merger between Zee Entertainment and Sony’s India broadcasting activities continues. Zee’s share price has collapsed (down 26 per cent on January 23rd) and most local analysts suggest that Zee will be under increased financial and shareholder pressure and probable litigation. At least six Indian brokerages also said investors should sell […]
Investment bank BNPP, in a major examination of three key satellite operators and their share prices, says SES, Eutelsat and Telesat have remained under pressure – with only Telesat making some modest headway because of its progress with its Lightspeed low Earth orbit constellation. In a self-examination of what it got right (and wrong) in […]
BT is looking to offer Starlink’s satellite kit as a gap-filler solution for its hard-to-reach rural customers. Investment bank BNPP, quoting TS2 Space, says that with Starlink’s existing network of about 5,000 satellites, the Elon Musk-backed business could provide BT with the technology to enhance mobile signals and broadband access in hard-to-reach locations. “The collaboration […]
Investment bank Exane/BNPP has issued an examination of games publisher Ubisoft, and the result is an upgrade (from ‘Neutral’ to ‘Outperform’) and a significant increase in its guide price target from €27 to €37. The bank’s report says it has become more comfortable with Ubisoft’s equity story, given solid leading indicators for the top franchise […]
The commercial agreement between SES and SpaceX’s Starlink to jointly serve the fast-growing cruise market is a major move for both businesses. SES, using its O3b medium Earth orbiting (MEO) satellites, and SpaceX’s Starlink, both have existing relationships with cruise lines. This new relationship will see SES sell and manage multi-orbit connectivity services into the […]
Investment bank Exane/BNPP, in a note to clients, expects satellite operator SES to report a 3 per cent fall in revenues for its Q2 trading period. SES will unveil it numbers on August 3rd. Sami Kassab, an equity analyst at the bank, suggests that SES will report overall revenues of €487 million. The operator’s important […]
Sami Kassab, an analyst with investment bank Exane/BNPP, in a flash note to clients says he expects SES to reaffirm its financial guidance for 2023 and also to “provide an update on merger talks with Intelsat”. SES will deliver its Q1 2023 numbers on May 4th. Kassab reminded clients that SpaceX successfully launched two important […]
Universal Music Group (UMG) has suffered a double downgrade from investment bank Exane/BNPP. The bank’s new rating is ‘Underperform’ (from ‘Outperform’) and comes with a target share price that reduced by 24 per cent. “Following an LA field trip and underpinned by new data products, we see reasons for caution. We expect top-line growth to […]
Investment bank Exane/BNPP, in a major examination of US cable (The Twilight of Cable) says that while the first half of 2023 might see some gentle recovery from the 52-week ‘lows’ in December, there will be more pain to come. “We think near term sub growth (from promotional activity) and broadband price increases can flatter […]