This week Eutelsat confirmed it would invest $550 million in broadband constellation OneWeb in return for a 24 percent stake in OneWeb. Ratings agency Fitch has given a “BBB” rating for Eutelsat with a “Stable Outlook”. The ratings report comes as investment bank Exane/BNPP also slightly modified its view of the deal, saying: “This initial […]
Eutelsat is taking a 24 per cent stake in UK/India-owned low Earth orbiting business OneWeb. Eutelsat will invest $500 million (€455.4m) in the company, which “almost” fully funds the satellite venture. Eutelsat will use its FCC-granted ‘incentive’ payment for giving up its C-band frequencies over the US to fund its stake. In a press statement, […]
Eutelsat is taking a 24 per cent stake in OneWeb. Eutelsat’s fresh cash values OneWeb at $2.3 billion. However, Eutelsat is paying a significant premium to enter OneWeb. When the UK government and India’s Bharti Global invested their cash into OneWeb they placed their $500 million into the business and received 42 per cent of […]
Eutelsat and Viasat have lost a legal decision at the EU’s Court of Justice over a claim that London-based Inmarsat should not have been granted authorisation to key S-band satellite frequencies for in-flight connectivity over France in particular. French frequency regulator ARCEP (Autorité de régulation des communications électroniques et des Postes) had authorised Inmarsat’s important […]
Eutelsat has explained why it cannot itself remove China’s controversial news channel CGTN which has been criticised by many countries, including the UK’s Ofcom regulator. China Global Television Network (CGTN), on April 10th, welcomed the acknowledgement of Ofcom that CGTN’s right to broadcast in Europe falls under French jurisdiction, which perhaps paves the way for […]
Different investment analysts regularly come up with varied opinions as regards their favourite picks in the satellite industry. Now Sami Kassab, from investment bank Exane/BNPP, in a major report takes a deep examination into Europe’s two leading satellite operators. He concludes by favouring SES. His study extends to one of today’s hottest business prospects; SpaceX […]
Satellite reception remains the dominant means of receiving TV despite the uptake of IPTV and streaming services in the MENA region, according to an Arabsat-commissioned study carried out by market research specialists IPSOS. Moreover, the study found that at least 45 per cent of viewers are less than 30-years-old, which “illustrates the strong sustainable relevance […]
To date, satellite broadband has enjoyed limited success. Suppliers such as Viasat of California, Hughes Network Systems and Paris-based Eutelsat have made some limited headway in supplying consumers and businesses from geo-stationary but numerically modest subscriber numbers. That’s about to change, says research specialist Euroconsult. It is Euroconsult’s first-ever
Airbus has won the prime contractor order from Eutelsat for its E-36D satellite replacement for Eutelsat 36B which is likely to reach the end of its working life during 2026, some 17 years after its launch in November 2009 (and was previously known as Eutelsat W7 and with a 15-year design life). 36D is planned […]
Nordnet, a subsidiary of French telco giant Orange, has officially launched its broadband-by-satellite service over France. The service will trade as Neosat and taps into capacity supplied in bulk by Eutelsat using its Konnect multi-spot beam satellite. Neosat can supply broadband at up to 100 Mb/s at €39.99 per month’s charge under a short-term promotional […]