Eutelsat Warns of Financial, Operational Impacts From COVID-19
The COVID-19 pandemic will have "limited" effects on FY 2019 revenue to the tune of about $22 million, though the pace of new business will likely slow, Eutelsat said Thursday. It said Q3 launch of its Quantum satellite is likely…
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delayed, and the deployment of gateways for its Konnect satellite also will likely be partially delayed. It said its board is cutting its stock dividend 30% and its share buyback program is suspended.