Eutelsat’s OneWeb division has won a significant contract with Australian telco Telstra. OneWeb will provide “the largest roll-out of low Earth orbit backhaul in Australia” says the company. The financial value of the agreement was not revealed but more information might emerge from Eutelsat’s half-year results due on February 16th. The launch follows the signing […]

Deutsche Bank’s (DB) advice to clients holding Eutelsat shares is to ‘SELL’ their stock. Its previous advice was to ‘HOLD’ their shares. DB now says its preferred satellites company within its coverage is Luxembourg-based SES which it rates ‘BUY’. DB says it is concerned over operational delays which it says are weighing on its OneWeb […]

For any satellite orbiting the Earth from above the Equator it is not easy to deliver signals to aircraft flying over the North Pole. Intelsat has managed the challenge with the help of bandwidth from Eutelsat/OneWeb. It has completed a series of test flights to the Arctic Circle demonstrating that airlines that require inflight internet […]

Eutelsat’s Latino satellite, Eutelsat 113 West A, suffered a major malfunction on January 31st and was declared a total loss on February 2nd. The satellite was reportedly earning Eutelsat about €3 million a year in carriage contracts. Many, if not all of its existing clients, will be shifted to nearby satellites operated by Eutelsat in […]

Fitch Ratings has taken another look at Eutelsat’s prospects and downgraded the satellite operator to ‘BB-‘ and with an ‘Outlook Negative’ view because of its “OneWeb challenges”, its higher execution risks, and competition for OneWeb from other LEO constellations. Fitch expects Eutelsat to have to borrow more cash to fund the OneWeb expansion plan. Fitch’s […]

Racing series Extreme E has launched a partnership with Eutelsat OneWeb, the Geostationary Equatorial Orbit and Low Earth Orbit (GEO-LEO) satellite communications operator.  The collaboration with Eutelsat OneWeb, part of Eutelsat Group, will connect the racing action to the St Helena, the championship’s floating centrepiece which transports all of the series’ ODYSSEY 21 vehicles and […]

Eutelsat was hammered on the Paris stock exchange in early trading on January 29th, instantly falling 15 per cent as the Bourse opened. Eutelsat had issued a trading update and the news, as far as OneWeb was concerned, was not good. Eutelsat had owned OneWeb for just four trading months which had enabled a “deep […]

Eutelsat has issued a trading review and market update stating that its OneWeb division was making slower progress than expected. The impact has slashed its anticipated EBITDA revenues for this year (to June 30th) by between €75 million to €145 million. Eutelsat has “suspended” its guidance for this financial year and postponed any further guidance […]

Eutelsat Group has announced that Paratus South Africa, a specialist connectivity provider, and Eutelsat OneWeb have partnered to enhance Paratus’ connectivity offering in South Africa. Paratus South Africa already provides Geostationary (GEO) satellite services through its partnership with Eutelsat Group and this new agreement further strengthens its satellite connectivity services through a combined GEO/LEO offering […]

The European Commission (EC), in a press briefing, confirmed that its planned IRIS² satellite connectivity project has selected ‘SpaceRise’ which currently comprises operators SES and Eutelsat and is the only bidding consortium. The EC said that the project is on track and a contract can now be signed on or before March 24th. Certain further […]