EUTELSAT, Paris, delivers a broad range of consumer and professional satellite services to Europe, Asia, Africa and America, operating more than 15 satellites. EUTELSAT was founded as the European Telecommunications Satellite Organization in 1985 as an intergovernmental organization which now represents 47 member countries of Europe. By early-2001, EUTELSAT's structure will be streamlined into two tiers: Eutelsat, S.A., a private limited company (société anonyme) headquartered in France, to which all assets and activities will be transferred, and an intergovernmental organization which will ensure that basic principles of pan-European coverage, universal service, non-discrimination and fair competition are observed by the company.