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Broadpeak receives EUR 10 million investment from Eutelsat

Thursday, Jul 04, 2019
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Eutelsat Communications and Broadpeak announce a 20% investment in Broadpeak, a leading video distribution company.

Broadpeak is a provider of Content Delivery Network (CDN) technologies that optimize the delivery of video content over terrestrial and satellite networks to provide end users with the best viewing quality across all devices. Eutelsat's investment in Broadpeak is yet another step in its strategy to integrate the satellite into the Internet Protocol (IP) ecosystem, following the launch in September 2018 of Eutelsat CIRRUS, its hybrid satellite and OTT solution that offers Satellite TV and operators the ability to offer the consumer a flexible and homogeneous multimedia experience.

Eutelsat and Broadpeak will bring together their technology resources to expand their respective service portfolios for telecom operators, media groups and content owners, delivering ready-made video delivery solutions to meet the growing demand for video content across all networks. The companies will also work together on projects to integrate satellite technology into the next generation of 5G mobile networks.

Eutelsat's investment in the form of shares and convertible bonds represents an amount of approximately € 10 million.

"We are very pleased to partner with Broadpeak, with whom we have been working since 2015. This partnership with a recognized and innovative leader in video content delivery solutions in the United States," said Jean-Hubert Lenotte, Strategy and Resource Director at Eutelsat. will allow us to expand our offer in this area. Following the launch of Eutelsat CIRRUS last September, this investment reflects our strategy to accelerate the integration of IP and satellite technologies, expanding the portfolio of technology solutions available to our broadcast customers to bring content to viewers across multiple channels. "

"This Eutelsat investment will enable us to strengthen our team and finance the strong growth of our business. We are very excited to develop our partnership with Eutelsat," said Jacques Le Mancq, co-founder and chairman of Broadpeak . Eutelsat, with which we will build next-generation services to deliver, optimize and monetize high-quality video experiences for end-users, whether at home or on the go. "

About Broadpeak
Broadpeak® designs and manufactures video delivery components for content providers and network service providers, implementing telecommunications, cable, satellite, OTT and mobile services. Its portfolio of solutions and technologies drives the delivery of movies, television programming and other video content in managed networks and the Internet for viewing on any type of device. The company's systems and services help operators increase market share and improve subscriber loyalty with superior quality of experience.
Broadpeak supports all its customers worldwide, from simple installations to large delivery systems, reaching capacities of several million simultaneous flows. The company is headquartered in Cesson-Sevigne, France.

About Eutelsat Communications
Established in 1977, Eutelsat Communications is one of the largest communications satellite operators in the world. With a global fleet of satellites associated with its terrestrial infrastructure, Eutelsat enables government, and video, data and fixed and mobile broadband markets to communicate effectively with consumers regardless of location. More than 7,000 television channels operated by the largest media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris with offices and telecommunications centers around the world, Eutelsat has a workforce of more than 1,000 people from 46 countries dedicated to delivering the highest quality of service.
For more information on Eutelsat, visit www.eutelsat.com.

Contacts
Press
Christina Darvasi
Tel: + 52 55 26 29 58 47
cdarvasi@eutelsat.com

 

Source: businesswire.com

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