The document is a financial analysis report by Deutsche Bank focusing on Eutelsat (ETL) and its market performance. It highlights the challenges ETL faces due to operational and capital expenditure cuts, which have left it exposed in 2018. The report discusses the impact of pricing pressure on renewals, the potential shift from satellite to fiber, and the expectation that Eutelsat will miss its growth guidance. It also compares ETL's performance with SES and provides a stock price analysis over several years.
doj/DataSet10/EFTA01385531.pdf
{"title":"Deutsche Bank Research European Equity Focus","key_people":["Laurie Davison"],"document_date":"January 2018","document_type":"tabular","document_subtype":"financial analysis","key_organizations":["Deutsche Bank","Eutelsat","SES","Polsat","Sky Italia","Naspers","Multichoice","TEF"],"reference_numbers":["DB-SDNY-0086817","SDNY_GM_00233001","EFTA01385531"]}