Eutelsat shareholders had a prosperous day on September 30th when the company’s share price rose dramatically by an initial 15.6 per cent (to €11.97), just below Patrick Drahi’s reported €12 bid. Eutelsat confirmed receipt of the bid, and rejected the approach. This suggests either Drahi doesn’t have the backing of state-backed BPI or else – […]
Telecoms tycoon Patrick Drahi, having earlier this month bought a large slice (12.1 per cent) of BT, has made a bid to buy Eutelsat. Drahi is said to have offered a €2 (17 per cent) premium over Eutelsat’s current €10.35 share price. Drahi controls the cellular and cable business Altice. A September 30th statement from […]
Eutelsat’s CEO Rodolphe Belmer, in a meeting with a French parliamentary committee, told delegates that the OneWeb satellite consortium is now a “European asset”, and that it was likely to be the only mega-constellation that is not owned by the US. Eutelsat has a 17.5 per cent investment stake in OneWeb with the British Government […]
Eutelsat’s Konnect Russia subsidiary has signed a MoU with RTCOMM for connectivity distribution to sea and river vessels in Russia. Eutelsat says the intention is for a strong focus on maritime VSAT services and showcasing satellite’s potential to connect hard-to-reach areas. A press statement read: “Thanks to the in-orbit resources and infrastructure of Konnect Russia, […]
Eutelsat Americas has been in a long-running dispute with Mexico. The argument arises out of a regulatory requirement to reserve a certain amount of megahertz of capacity for Mexican government use. Mexico has won the arbitration. Mexico alleged that Satmex (which Eutelsat bought in 2014) had been required to provide a greater amount of megahertz […]
Satellite operator Eutelsat Communications has confirmed the closing of its $550 million €455.4m) equity investment in Low Earth Orbit service OneWeb announced on April 27th, 2021. Subject to completion of the subsequently announced investments in OneWeb by Bharti and Hanwha, Eutelsat will hold a 17.6 per cent stake. “We are delighted to close this investment […]
Hughes Network Systems, a specialist in satellite and multi-transport technologies and networks, has announced that Eutelsat Communications selected the Hughes Jupiter System Series 3 to enable services on the new Eutelsat Konnect VHTS (Very High-Throughput Satellite). Currently under construction and expected to launch in 2022, Konnect VHTS will provide fixed broadband and mobility connectivity across […]
Quilty Analytics, a specialist in research on the satellite and space sectors, says that low Earth orbiting (LEO) broadband satellite operator OneWeb is well placed for success. OneWeb’s next batch of satellites are scheduled to launch on September 14th. Quilty says that following the launch “OneWeb will have deployed about half of its 648-satellite constellation […]
Broadband-by-satellite operator OneWeb has won another significant investor. Hanwha Systems, a South Korean technology company, is investing $300 million in equity in OneWeb which will shortly start services from its fleet of Low Earth Orbiting satellites. In return, Hanwha will receive an 8.8 per cent stake in OneWeb. It can also contribute its latest antenna […]
A French high court has ruled against Eutelsat in its action against Inmarsat and Inmarsat’s hybrid satellite and terrestrial-based European Aviation Network (EAN). Eutelsat has had the action running since 2018 and objected to the use of terrestrial ground segment repeaters which it argued did not conform with Inmarsat’s S-band licence from the European Commission. […]