Growth and going public
In step with the liberalisation of the telecoms sector, Eutelsat’s assets and activities were transferred from the intergovernmental organisation into a private company in July 2001. In addition to adopting this new corporate structure, followed by an IPO in 2005, Eutelsat’s activities diversified rapidly in the 2000s to include the Internet business and government services.
The broadcast business continued its expansion with the HOT BIRD concept of broadcast satellites replicated at other positions to address burgeoning markets in Russia, the Middle East, Turkey and Africa.
Geographic reach continued to expand across Africa, Asia and the Americas. By the end of the decade, offices had been opened in key European centres as well as Asia and the Americas. Teleports in France and Italy were also built up to provide broadcast and broadband services.