Eutelsat and Broadpeak announced a 10 million euros investment (USD 11,2 million) in Broadpeak’s solutions to develop new generation video services. Eutelsat and Broadpeak will pool their technological resources to expand their respective portfolios of services for telecom operators, media groups and content owners by offering them turnkey video delivery solutions enabling them to respond to the rising demand for video content on all networks.
According to what the company officially reported, Eutelsat’s investment in Broadpeak is a further step in its strategy to integrate satellite into the Internet Protocol (IP) ecosystem, following the launch in September 2018 of Eutelsat Cirrus, its hybrid satellite-OTT solution giving satellite TV channels and operators the ability to offer a flexible and homogeneous multi-screen consumer experience.
‘We are delighted to partner with Broadpeak with whom we have been working since 2015. This association with a recognised and innovative leader in video content delivery solutions will enable 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 by expanding the portfolio of technological solutions available to our broadcast customers to distribute content to viewers across multiple channels’, said Jean-Hubert Lenotte, Chief Strategy and Resources Officer at Eutelsat.
Jacques Le Mancq, co-founder and Chairman also expressed himself on the agreement and explained that “his investment by Eutelsat 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, with whom we will build next-generation services to deliver, optimize and monetize high-quality video experiences for end-users’.