Abertis Has No Plans to Merge Eutelsat with Hispasat

摘要

Abertis of Spain will not use its sizable equity stakes in Eutelsat and Hispasat to merge the two satellite-fleet operators, in part because of national-security concerns, Abertis Chief Executive Salvador Alemany said April 1. Addressing Barcelona-based Abertis' annual shareholder meeting, Alemany said the company, whose Abertis Telecom subsidiary has become the biggest corporate shareholder in both Paris-based Eutelsat and Hispasat of Madrid, can effectuate the needed economies of scale between the two without combining them.