Analysts at investment bank BNP Paribas have issued their thoughts on satellite operator Eutelsat’s current predicament and have advised clients that their rating on the Paris-based business is ‘underperform’ as far as shareholders are concerned. But worse, in that the bank’s Sami Kassab, in the past a supporter of satellite stocks, has issued a target […]

Within minutes of Eutelsat releasing its half-yearly results on February 14th a major sell-off by shareholders occurred, and drove Eutelsat’s share price down to another ‘all time low’ of just €1.39 a share, and a 11.4 per cent fall on the day. A week earlier they were trading at about €1.80. A month ago, they […]

Eva Berneke, CEO at Eutelsat, has unveiled the operator’s financial results. Eutelsat’s once-reliable Video division revenues fell 6.4 per cent (€309.2 million) but each of the other verticals were in solid territory. Total revenues for the First Half of FY 2024-25 stood at €606.2 million, up by 5.9 per cent on a reported basis. Revenues […]

Investors are increasingly concerned about the state of finances at Europe’s two giant satellite operators, SES and Eutelsat, according to a report in the FT. “The cost of buying insurance against France’s Eutelsat and SES of Luxembourg defaulting on their bonds has soared to record highs, as investors fear the two will struggle to repay their […]

Eutelsat Communications and Télécoms Sans Frontières (TSF), the specialist non-governmental organisation in emergency telecommunications, have announced the renewal of their long-standing partnership. This renewed agreement builds upon the first patronage convention initiated in 2022, further strengthening a collaboration that began in 2007. Headquartered in Pau, France, with a regional office in Latin America, TSF has […]

Agility Beyond Space (ABS) has hired Sameer Karimbhai as its General Counsel. Karimbhai joins ABS following his tenure at Eutelsat, where he served as OneWeb General Counsel and Group Company Secretary. His experience includes leading significant corporate projects such as helping secure over $4 billion of equity and debt funding for OneWeb, guiding the company […]

Eutelsat’s CEO Eva Berneke has made a high-profile visit to Nilesat’s Cairo headquarters. In a joint communique from Eutelsat and Nilesat’s chairman and CEO Sameh Katta, the pair discussed expanding cooperation between the two satellite companies. During the meeting, Katta reaffirmed Nilesat’s dedication to creating strong partnerships with global satellite operators. He emphasised the company’s […]

Eutelsat’s share price meltdown continues and not helped by a group of unhappy residents of the UK’s Falkland Islands. Local reports say that the Falkland Islands government “wants its money back” from an agreement which it entered into with local telco SURE and which provides national and international fixed line, mobile data and broadband services […]

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 […]