PARIS -Eutelsat Communications, the world's third-biggest satellite operator by revenue, said on Wednesday it expected its planned tie-up with Britain's OneWeb to boost annual sales to 2 billion euros by 2027.
The French group expects annual sales to amount to about 1.2 billion euros in 2023, following the finalisation of the deal. Eutelsat, whose market value has fallen by almost two thirds in five years, also plans to offset the gradual decline of its historic activity of distributing TV channels worldwide with the new stream of revenues.
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