{"id":70316,"date":"2016-08-08T19:51:07","date_gmt":"2016-08-08T11:51:07","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/eutelsat-sells-maritime-subsidiary-to-speedcast\/"},"modified":"2016-08-08T19:51:07","modified_gmt":"2016-08-08T11:51:07","slug":"eutelsat-sells-maritime-subsidiary-to-speedcast","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/eutelsat-sells-maritime-subsidiary-to-speedcast\/","title":{"rendered":"Eutelsat Sells Maritime Subsidiary to SpeedCast"},"content":{"rendered":"<\/p>\n<p>[Via Satellite 08-08-2016] <strong>Eutelsat <\/strong>has signed an agreement with <strong>SpeedCast International <\/strong>whereby SpeedCast will acquire Eutelsat\u2019s 70 percent stake in <strong>Wins Limited <\/strong>for a consideration based on a total enterprise value of approximately 60 million euros ($66.5 million). Held through <strong>Skylogic<\/strong>, Eutelsat\u2019s wholly-owned subsidiary, Wins is a provider of maritime connectivity services to passenger vessels in the Mediterranean region. Wins also provides principally L-band connectivity and VSAT solutions to merchant vessels through its German subsidiary <strong>DH-Intercom<\/strong>.<\/p>\n<p>Based in Europe, Wins provides services to more than 100 passenger-carrying vessels such as cruise liners and ferries and more than 2,000 merchant shipping vessels.&nbsp;In a press release, Eutelsat described the sale of its stake in Wins as consistent with its strategy of streamlining its asset portfolio in order to maximize free-cash-flow generation.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Via Satellite 08-08-2016] Eutelsat has signed an agreement with SpeedCast International whereby SpeedCast will acquire Eutelsat\u2019s 70 percent stake in Wins Limited for a consideration based on a total enterprise value of approximately 60 million euros ($66.5 million). Held through Skylogic, Eutelsat\u2019s wholly-owned subsidiary, Wins is a provider of maritime connectivity services to passenger vessels [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":70321,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-70316","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/70316"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=70316"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/70316\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/70321"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=70316"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=70316"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=70316"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}