Eutelsat Group has announced it will now be known simply as Eutelsat, bringing all its activities and subsidiaries under one brand.  Following its successful merger with OneWeb, which created the world’s first GEO-LEO operator, Eutelsat now operates as a single company. The LEO constellation will continue under the OneWeb name, highlighting its central role in […]

Eutelsat and Nelco Limited, a Tata Group company and one of India’s leading satellite communication service providers, have signed an agreement to deliver OneWeb low Earth orbit (LEO) satellite connectivity services across the India region. Under the agreement, OneWeb India Communications, Eutelsat’s local operating entity, will partner with Nelco to deliver secure, low-latency LEO connectivity […]

Investment bank BNP Paribas has significantly increased its share price target on Eutelsat following the satellite operator’s results on August 5th. The target price jumps from €1 to €2.9, but the bank still advises clients to consider Eutelsat as an ‘Underperform’ stock, despite having the view that its OneWeb division was now “taking off”. The […]

Paris-based satellite operator Eutelsat says it will add another 340 of its OneWeb satellites into orbit by 2029. These 340 will be additional to the 100 craft already on order. OneWeb, which Eutelsat merged with in September 2023 is very much coming into its own. OneWeb’s low Earth orbiting (LEO) fleet of 648 satellites was […]

Eutelsat’s OneWeb division saw its revenues grow by more than 84 per cent (€187 million) and now represent about 15 per cent of overall revenue. The numbers emerged as Eutelsat reported its end-of-year results. Total revenues for FY 2024-25 stood at €1.244 billion, up by 2.5 per cent on a reported basis and by 1.6 […]

The Board of Directors of Eutelsat has approved the hiring of Eric Labaye as a Board member and his appointment as Chairman of Eutelsat Communications and Eutelsat SA. He succeeds Dominique D’Hinninwho had announced his decision not to seek the renewal of his mandate on February 14th. Labaye’s appointment is effective immediately. The Board of […]

Eutelsat and longtime partner Station Satcom, a specialist in maritime communications headquartered in India, have signed a new agreement to deliver Eutelsat’s OneWeb LEO connectivity services to the global maritime sector. The deal marks a significant strategic expansion for Station Satcom, which will integrate OneWeb’s LEO capabilities into its portfolio to provide hybrid satellite connectivity […]

The UK, an investor in Eutelsat/OneWeb, has signed an agreement with Eutelsat to deliver Low Earth Orbit (LEO) satellite connectivity for UK government operations Worldwide. The agreement is with “trusted distribution partner” NSSLGlobal, to support vital diplomatic, defence, policing, and disaster response operations. NSSL will use capacity on the OneWeb fleet. This strategic partnership will […]

On the heels of the UK’s confirmation that it is topping up its capital investment in Eutelsat’s OneWeb (by €163.3 million), Eutelsat’s Indian partner Bharti Space is making a similar top-up worth €120 million. The smaller amount reflects a €30 million capital injection made in June by Bharti. Following the fresh investment, Bharti Space’s stake […]

Eutelsat has announced that the UK is to participate in the contemplated capital increase announced by Eutelsat on June 19th. This additional participation from another key reference shareholder will increase the total amount to be raised to €1.5 billion. His Majesty’s Government, via The Secretary of State for Science, Innovation and Technology of the UK […]