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PARIS - Eutelsat Communications (Paris:ETL) (LSE:ETL), a prominent satellite communications provider with an impressive 80.88% gross profit margin, announced the resignation of Hanwha Systems UK Ltd as a non-executive Director. The departure took effect immediately on Sunday. The Chairman of Eutelsat extended sincere thanks to Ms. Joo-Yong Hung, the permanent representative of Hanwha Systems UK Ltd, acknowledging her contributions to the company.
Eutelsat Group, known for its comprehensive satellite communications services, operates a fleet comprising 35 Geostationary (GEO) satellites and over 600 Low Earth Orbit (LEO) satellites. The Group emerged as the first fully integrated GEO-LEO satellite operator following the merger with OneWeb in 2023. It provides a broad range of services, including broadcasting over 6,500 television channels and catering to connectivity demands in the mobile, fixed, and government sectors. InvestingPro analysis reveals the company has achieved a remarkable 111.12% YTD price return, though it currently operates with significant debt levels.
The company, with more than 1,500 employees in over 50 countries, is committed to delivering sustainable connectivity solutions aimed at narrowing the digital divide. Eutelsat's headquarters are located in Paris, and it is publicly traded on the Euronext Paris and London Stock Exchange under the ticker symbol ETL. InvestingPro subscribers have access to 12 additional key insights about Eutelsat's financial health and market position.
This update is based on a press release statement from Eutelsat Communications.
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