Eutelsat, as expected, will raise €1.35 billion in fresh capital over the next few months. French daily Le Monde summed up the move with its headline, saying: “The French government is stepping in to rescue Eutelsat”. At the end of the cash restructuring process France will hold 29.9 per cent of the operator’s capital, and […]
Eutelsat, as expected, is raising €1.35 billion in fresh capital. The French state is “anchoring” the increase, which will be in place by the end of this year. The extra cash comes by way of a €716 million capital increase which would be subscribed by the French State via the Agence des Participations de l’Etat […]
Eutelsat’s newly appointed CEO, Jean-François Fallacher, speaking at the Paris Air Show, firmly denied that the satellite operator was in financial difficulties. “Let me correct a misimpression: Eutelsat does not have financial difficulties: No. Eutelsat has a need for financing. There’s a difference,” Fallacher asserted. “We need financing to develop the constellation and continue our […]
Eutelsat’s new CEO, Jean-François Fallacher, is “racing” to secure fresh funding in order to save OneWeb according to Bloomberg. The constellation of low-Earth orbit (LEO) satellites is seeking to challenge Elon Musk’s Starlink and the upcoming Jeff Bezos-backed Project Kuiper LEO system. The industry expects Fallacher to be successful. “After all, why would he have […]
NEM Dubrovnik 2025, TV industry event focused on the CEE region and beyond, officially opened on June 9th at Hotel Dubrovnik Palace, reaffirming its position as a key meeting point for global media professionals. With a richer market space than ever before, spread across the vibrant Sunset and Mare Area, the first day brought together […]
wedotv, the free streaming platform, has agreed a deal with Eutelsat to have three of its free-to-air streaming channels available via its Hotbird satellites at 13° East. German-language channels wedotv movies, wedotv BIG stories, and wedotv sports are now available across Europe. “Eutelsat has been a great partner for us at wedotv. Not only are our channels […]
South Korea’s Hanwha Systems is selling its shares in Eutelsat (equal to a 5.4 per cent stake) for a reported €78 million ($85m). Citi Bank says the shares are on offer at just €3, which is some 13.9 per cent below Eutelsat’s current share price. The move makes a 74 per cent loss for Hanwha […]
Eutelsat Group and Orange have signed an agreement enabling Orange to reinforce its position in low Earth orbit (LEO) satellite communications, leveraging Eutelsat’s OneWeb constellation. Through this latest investment, Orange aims to strengthen its satellite solutions portfolio with LEO connectivity solutions providing high throughput, low latency, resilient and sovereign services to its enterprise and government […]
Intellian Technologies, a specialist in satellite connectivity solutions headquartered in South Korea, and satellite operator Eutelsat have announced that the South Korean government has officially granted a regulatory licence for the deployment of Eutelsat OneWeb’s Low Earth Orbit (LEO) satellite services in Korea. In a first-of-its-kind decision, the Ministry of Science and ICT (MSIT) approved […]
Eutelsat has reportedly held talks with investors to raise €1.5 billion to expand its low Earth orbit (LEO) satellite constellations as it seeks better to compete with Elon Musk’s satellite-broadband service Starlink. The satellite operator is said to be in discussions to acquire funding from the French government, investor Fonds Strategique de Participations, shipping company […]