A negative report from ratings agency Moody’s cannot have helped, but January 29th saw Eutelsat shares drop in value to an all time low of €1.805 per share. January 30th was no better with another fall to €1.79. The falls give the Paris-based satellite operator a market capitalisation of just $850 million. Its actual enterprise […]

Eutelsat has announced that its near-term greenhouse gas (GHG) emissions reduction targets have been validated by the Science Based Targets initiative (SBTi). The SBTi has recognised the Group’s scope 1 and 2 targets as aligned with a 1.5°C trajectory, in line with the Paris Agreement. The approved targets include: A 50 per cent absolute reduction […]

Ratings agency Moody’s has again downgraded Eutelsat, and blames its decision on the “disappointing” contribution from Eutelsat’s OneWeb constellation of satellites. The downgrade, from B2 to Ba3, cites the operational under performance in comparison with Eutelsat’s forecasts for revenues from OneWeb. The report didn’t help Eutelsat’s share price which fell 3.7 per cent on January […]

Investment bank BNP Paribas, in a major study of Europe’s media and media-related activity, has also looked at the wider satellite sector. Analyst Sami Kassab said that satellite operators’ shares had a mixed performance in 2024. That comment might be seen as an understatement. “Incumbent satellite operators (Viasat, Eutelsat, SES, Iridium) have continued to see […]

Last week, two sets of share movements were reported at satellite operator Eutelsat. The first concerned Spacetime Transformations, which acting on behalf of clients and funds under its management, now held 5.01 per cent of Eutelsat’s shares. The company, controlled by British businessman Christopher Harborne, said it held 23,827,744 Eutelsat shares. The second reported on […]

Eutelsat has a new major investor. Spacetime Transformations, acting on behalf of clients and funds under its management, has acquired 5.01 per cent of Eutelsat’s shares. The company, controlled by British businessman Christopher Harborne, said it held 23,827,744 Eutelsat shares, or 5.01 per cent of the satellite operator’s capital and voting rights, on behalf of […]

Eutelsat America Corp. and OneWeb Technologies Inc (EACOWT), which operate as a wholly owned independent US proxy company and subsidiary of Eutelsat Group, have announced the appointment of Ian Canning as president and chief executive officer (CEO). Canning served as EACOWT’s COO and most recently served as the company’s acting CEO. He brings a wealth […]

Eutelsat’s OneWeb mega-constellation of satellites suffered a near-48 hour outage over the New Year period starting on December 31st. The reason given was that OneWeb core software between the satellites and their user terminals did not account for the fact that 2024 was a leap year with 366 days. Eutelsat’s official statement can be read […]

Eutelsat experienced a 48-hour outage on its OneWeb Low Orbit service, commencing on December 31st 2024. In a company statement, Eutelsat outlined the reason for the outage. “The root cause was identified as a software issue within the ground segment,” the company explained. “Eutelsat was fully mobilised and worked with the vendor to restore full […]

IRIS2 is Europe’s massive project to provide a highly-secure multi-orbit satellite constellation which will also compete with Elon Musk’s Starlink and provide safe and secure communications for Europe’s nations and military. The IRIS2 project has been described as ‘Starlink’s big sister’ and a true mega-constellation. But it has a very tight set of deadlines. The […]