We are a global operator of essential infrastructure
Red Eléctrica successfully completes the acquisition of Hispasat
On 3 October, Red Eléctrica Corporación (REC) formalized the acquisition of Hispasat after obtaining the permits and authorisations from both the Spanish State and other countries in which the Company operates.
On 3 October, Red Eléctrica Corporación (REC) formalized the acquisition of Hispasat after obtaining the permits and authorisations from both the Spanish State and other countries in which the Company operates.
The acquisition price for 89.68% of the satellite manager's shares, until then held by Abertis, totalled 933 million euros. The shareholdings of Hispasat are now distributed as follows: Red Eléctrica Corporación, 89.68%, SEPI, 7.41% and CDTI, 2.91%.
The closing of this operation positions the Red Eléctrica Group as a global operator of electrical and telecommunications infrastructures, both in Spain and internationally, in line with the goals established by the Company in its Strategic Plan 2018-2022. This is undoubtedly a definitive step forward in its consolidation as a strategic global infrastructure operator managing electricity transmission grids, fibre optic networks and satellites.
The agreement will also enable the Group to expand its telecommunications business significantly into new customer segments and geographical areas, and also to explore synergies with the existing optical fibre business.
El precio de la adquisición del 89,68% de las acciones del gestor de satélites, hasta ese momento en manos de Abertis, asciende a 933 millones de euros. El accionariado de Hispasat ha quedado constituido de la siguiente manera: Red Eléctrica Corporación, 89,68%, SEPI, 7,41% y CDTI, 2,91%.
El cierre de esta operación posiciona al Grupo Red Eléctrica como operador global de infraestructuras eléctricas y de telecomunicaciones, tanto en España como en el ámbito internacional en consonancia con los objetivos asumidos por la compañía en su Plan Estratégico 2018-2022. Se trata, sin duda, de un avance definitivo en su consolidación como operador global de infraestructuras de carácter estratégico gestionando redes de transporte eléctrico, redes de fibra óptica y satélites.
Por otra parte, el acuerdo alcanzado permitirá una expansión significativa del negocio de las telecomunicaciones del Grupo hacia nuevos segmentos de clientes y ámbitos geográficos, además de la exploración de sinergias con el negocio de la fibra óptica existente.
Hispasat is the leading satellite infrastructure operator in Spain and Portugal by turnover, the fourth largest operator in Latin America and the eighth largest in the world.
It currently has a fleet of 7 satellites, covers Europe and the American continent and distributes more than 1,250 radio and television channels.
Following the acquisition of this stake, Red Eléctrica Corporación will maintain the strategic commitments of the satellite operator.