HellasSat’s GovSatCom pivot: profitable, debt-free operator after Arabsat $280M purchase and push toward optical services
HellasSat—acquired by Arabsat for $280 million after once being viewed as consolidation fodder—casts itself as a profitable, debt-free operator thanks to a diversified revenue base. The company is positioning GovSatCom as an anchor and is looking to future optical capabilities to fit Europe’s sovereignty-driven space requirements.