{"id":85905,"date":"2010-11-03T00:14:37","date_gmt":"2010-11-02T16:14:37","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/beaudet-sees-long-recovery-for-eutelsat-after-w3b-satellite\/"},"modified":"2010-11-03T00:14:37","modified_gmt":"2010-11-02T16:14:37","slug":"beaudet-sees-long-recovery-for-eutelsat-after-w3b-satellite","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/beaudet-sees-long-recovery-for-eutelsat-after-w3b-satellite\/","title":{"rendered":"Beaudet Sees Long Recovery for Eutelsat After W3B Satellite"},"content":{"rendered":"

[11-02-10] The unexpected loss of Eutelsat<\/strong>\u2019s W3B satellite on Oct. 29 due to a satellite propulsion subsystem anomaly provoked gloomy reactions from European investment bank satellite analysts.
\n    Natixis Securities<\/strong> Satellite Equity Analyst Eric Beaudet said the loss would seriously diminish the operator\u2019s position in the market. \u201cThe growth profile for the group will be affected. The [16 degrees East] position is almost full today and Eutelsat will therefore not be able to grow that position until W3C arrives in the second half of 2011. Secondly, the two satellites set to be replaced by W3B were supposed to offer more capacity on new orbital slots, which they will now not be able to do.\u201d
\n      The satellite, built by Thales Alenia Space<\/strong>, was scheduled to be co-positioned with Eutelsat\u2019s W3A satellite at 7 degrees East to increase Ku-band coverage over Europe, North Africa and the Middle East as well as sub-Saharan African and the Indian Ocean islands by 50 percent. Eutelsat\u2019s three satellites at that location now will remain in full service until the arrival of W3C, which is scheduled to launch in mid-2011. To compensate for the W3B loss, Eutelsat said it would initiate a new program, called W3D, for a planned launch in the first quarter of 2013.
\n    As a consequence of the loss, Beaudet believes analysts will have to downgrade the operator\u2019s potential to generate profits. \u201cThis is, of course, bad news for Eutelsat. Even if they keep their guidance unchanged, we believe consensus and Natixis will have to revise slightly downward its growth expectations in the short term (2011), and medium term, as it was already bullish with 8.1 percent CAGR expected through 2013.\u201d
\n    In a report released shortly after the anomaly was announced, Jefferies International<\/strong> Analyst Nick Bell discussed how the loss of the satellite could impact Avanti Communications<\/strong>. \u201cWe expect the event to bring launch risk to the front of investors\u2019 minds but note Avanti\u2019s share price has not strongly reacted to the news implying much of this risk is already priced in. We reiterate our Buy rating as a direct read across to Avanti is limited and, as per our conversations with insurers, satellite failures are very rare.\u201d
\n    However, Bell is confident that Avanti will not experience the same degree of problems that Eutelsat will have to deal with. He also noted that W3B\u2019s launcher, Arianespace<\/strong>, was not responsible for the satellite\u2019s loss. \u201cThe Ariane 5 rocket successfully transported the payload into orbit, the telemetry issue arose after the satellite detached from the rocket when the motor failed and telemetry control was lost. The same issue is unlikely to arise for Avanti as different component manufacturers are used. Being its first satellite to launch, Avanti has taken precautions to guard against such failures. There are multiple propulsion motors on Hylas-1 significantly decreasing the chances of a similar problem occurring.\u201d<\/p>\n

\nRelated Stories-<\/h2>\n

Eutelsat Loses W3B Due to Satellite Propulsion Anomaly<\/b>   \t\t\tSatellite Today   \t\t\tNovember 1, 2010
\n[10-30-10] Eutelsat Communications has lost the W3B satellite due to a satellite propulsion subsystem anomaly that occurred after its launch on an Ariane 5 rocket, the operator announced Oct. 29. The satellite, built by\u2026<\/p>\n

Eutelsat Loses Grip on Valuable 16 Degrees East Slot With W3B Loss<\/b> \"\"   \t\t\tSatellite News   \t\t\tOctober 29, 2010
\n[10-29-10] For the second time in two years, Eutelsat has seen its capacity expansion efforts dashed shortly after a launch. After a problem with the propulsion system on the W3B satellite, Eutelsat declared the satellite a complete\u2026<\/p>\n

Avanti to Procure Third Satellite After Stock Sale<\/b>   \t\t\tSatellite Today   \t\t\tJuly 15, 2010
\n[07-15-10] Avanti Communications has raised about 70 million British pounds ($106.8 million) through the sale of 16.28 million company shares, the satellite operator announced July 14. Avanti said it will use funds raised from\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"

[11-02-10] The unexpected loss of Eutelsat\u2019s W3B satellite on Oct. 29 due to a satellite propulsion subsystem anomaly provoked gloomy reactions from European investment bank satellite analysts.     Natixis Securities Satellite Equity Analyst Eric Beaudet said the loss would seriously diminish the operator\u2019s position in the market. \u201cThe growth profile for the group will be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"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-85905","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85905"}],"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=85905"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85905\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85905"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85905"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85905"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}