Annual Report 2015 > Abertis Group > Abertis in the world > Telecommunications > Hispasat
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Hispasat



Abertis controls 57% of Hispasat, ninth satellite operator worldwide, leader in the distribution of contents in Spanish and Portuguese, with a strong presence in the Iberian Peninsula and Latin America. The company has six orbital positions and seven operational satellites, plus another three under construction.

2015 was a year of improvement in Hispasat’s main figures, with increases in revenues (8.7%) and Ebitda (10.6%), and an important improvement in the Ebitda/revenues ratio, up to over 80%, much above the average for the sector. Also the company’s assured long-term contracting of satellite capacity (back-log) has continued breaking records in multiplying the annual revenues by seven, one of the highest among space telecommunications operators.

In terms of organic growth, in 2015 Hispasat moved forward in its construction programmes for three new satellites – Hispasat 30W-6, Amazonas 5 and Hispasat 36W-1 – with investments totalling 245 million euros. When these three satellites are launched, the company will have doubled its satellite fleet between 2012 and 2017, from 5 satellites to 10.

The Group has also been working on consolidating exploitation rights in position 61º West, which warrants it as one of the most important distributors of audiovisual contents in the Latin-American continent, with firm backing for the development of “Direct to Home” (DTH) services. Also in 2015, Hispasat obtained the exploitation rights of the Ku band in orbital position 74º West in Brazil, as an addition to the three in which it already has rights (30º West, 61º West and 36º West) and there are two more in which it has a presence through agreements with other operators.

With regard to innovation, Hispasat maintains its support for hybrid networks, in which satellite infrastructures are configured as the best ally of terrestrial infrastructures in reaching those areas which cannot be covered with optic fibre technology. The consolidation of the hybrid network will, without doubt, be the solution to the challenge of digital divide in the world.

The Spanish operator has become established as leader in the Ultra High Definition (UHD) television sector. In this ambit, mention must be made of the pioneering initiative in 2015 with the organization of the first Hispasat 4K International Festival, one of the first events in the world devoted to shorts entirely recorded and postproduced in this technology.

Also in 2015, Hispasat carried out the installation of a pilot project to supply audiovisual and Internet services to the Renfe High Speed AVE trains. The connectivity solution combines satellite connections with those of 3G-4G along the whole route of the train. In this way Hispasat is consolidating its world leadership in satellite communications for high speed trains.

In coming months Hispasat will continue working on its strategy of financial strengthening to maintain its rate of growth in revenues and Ebitda, with exhaustive control of management, improvements in efficiency and maintenance of competitive revenues/Ebitda ratios at above 80%.

Furthermore, the satellite company wants to continue growing through internationalization. In one side, it will work to consolidate its position in Mexico and the Andean region: Colombia, Peru, Chile and Ecuador. On the other side, it will bet on the new opening of markets like Morocco –where it has already entered in 2015- and other regions where it has no presence today, such as North Africa, Central America and the Caribbean.

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