Eutelsat partners Broadpeak to develop 5G video services
To develop 5G video services, Eutelsat has invested £10 million in Broadpeak, an industry leader in video content delivery solutions, in the form of shares and convertible bonds. The investment is in line with Eutelsat’s digital strategy to integrate satellite into the IP ecosystem.
Pooling both their technological resources together, Eutelsat and Broadpeak will offer turnkey video delivery solutions to enable telecom operators, media and content owners to respond to the rising demand for video content on multiple platforms.
Hence, they will work together to expand their respective portfolios. Furthermore, they will initiate and develop solutions to integrate satellite technology into the 5G generation of mobile networks.
Jean-Hubert Lenotte, chief strategy & resources officer at Eutelsat, said: “We are delighted to partner with Broadpeak with whom we have been working since 2015. This association with a recognised and innovative leader in video content delivery solutions will enable us to expand our offer in this area.
“Following the launch of Eutelsat CIRRUS last September, this investment reflects our strategy to accelerate the integration of IP and satellite technologies by expanding the portfolio of technological solutions available to our broadcast customers to distribute content to viewers across multiple channels.”
Broadpeak co-founder and chairman Jacques Le Mancq explains that this operation is a new chapter in Broadpeak’s development: “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, optimise and monetise high-quality video experiences for end-users, whether at home or on the move.”