Eutelsat CEO Is Open to Making Acquisitions, Investir Reports

Eutelsat Communications (ETL) SA has the financial means to make an acquisition and is open to opportunities, Investir reported, citing an interview with Chief Executive Officer Michel de Rosen.

The satellite company expects annual sales growth of 7 percent on average until 2014, fuelled by a global increase in satellite television, de Rosen was quoted as saying. Eutelsat isn’t expecting to carry out a large operation designed to transform the company, de Rosen said, according to the newspaper.

To contact the reporter on this story: Tara Patel in Paris at tpatel2@bloomberg.net

To contact the editor responsible for this story: Will Kennedy at wkennedy3@bloomberg.net

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