TechInAfrica – Eutelsat Communications has invested $11 million in a video content delivery solutions provider, Broadpeak and owned about 20% stake in the company. The investment is part of Eutelsat’s strategy to integrate satellite into the IP ecosystem. Both parties will collaborate to share their technological resources so that they can expand their services for telecom operators, content creators, as well as media groups.
Furthermore, both companies also plan to integrate satellite technology into 5G-enabled phones. This plan comes as a response to the growing demand for content video on all type of networks.
Speaking about Eutelsat’s investment in Broadpeak, Jean-Hubert Lenotte, Chief Strategy and Resources Officer at Eutelsat, said: “We are delighted to partner with Broadpeak with whom we have been working since 2015. This association with a recognized and innovative leader in video content delivery solutions will enable us to expand our offer in this area.”
Lenotte added, “Following the launch of Eutelsat CIRRUS last September, this investment reflects our strategy to accelerate the integration of Internet Protocol (IP) and satellite technologies by expanding the portfolio of technological solutions available to our broadcast customers to distribute content to viewers across multiple channels.”
On the other hand, Jacques Le Mancq, the Co-founder of Broadpeak, commented: “This 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, whether at home or on the move.”
For the record, on June 21, 2019, Eutelsat launched the Eutelsat 7C, providing high-powered broadcast services to several markets in Africa, Europe, and the Middle East. Meanwhile, Broadpeak provides Content Delivery Network (CDN) technologies to optimize video content delivery through satellite and terrestrial networks.