Satellite provider Eutelsat has acquired a 20% stake in France-based video technology provider Broadpeak following a €10m ($11.2m) investment in the form of shares and bonds.
Founded in 2010, Broadpeak makes video delivery components that are used by telecoms, cable, satellite and content providers to optimise the delivery of video content, such as movies and TV programs, over terrestrial and satellite networks.
In addition to combining their offerings to expand their services, Broadpeak said it will work with Eutelsat to integrate satellite technology into 5G mobile networks.
Jacques Le Mancq, co-founder and chairman at Broadpeak said: “This investment by Eutelsat will enable us to strengthen our team and finance the strong growth of our business.
“We are very excited to develop our partnership with Eutelsat, with whom we will build next-generation services to deliver, optimise and monetise high-quality video experiences for end-users, whether at home or on the move.”