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 […]

Credit rating agency Standard & Poor’s (S&P) has lowered Eutelsat’s credit ratings. S&P says it expects Eutelsat’s loss-making LEO satellites division (OneWeb) and hefty capital expenditure (capex) needs will result in sustained negative cash flow in the next three to five years. S&P adds that it now considers Eutelsat’s risk profile to be ‘Weak’ (down […]

Paris-based satellite operator Eutelsat, which already has some 654 of its OneWeb satellites in low Earth orbit, is ordering another 100 satellites from Airbus Defence & Space. The new satellites will be built at the Airbus plant in Toulouse, and – perhaps surprisingly – not at the Airbus-owned OneWeb factory in Florida. The factory, Airbus […]

The IRIS2 project for hundreds of satellites was confirmed December 16th with the signing of contracts worth €10.6 billion with the SpaceRISE consortium. The consortium, led by satellite operators SES, Eutelsat and Hispasat, is now contracted to build – via sub-contractors – and operate the new highly-secure fleet of satellites. The contract covers a 12-year […]

By and large, the recent newsflow for Paris-based satellite operator Eutelsat has been negative. But good news came on December 9th from market analysts at financial research specialist CFRA, which has upgraded Eutelsat from ‘Sell’ to ‘Hold’, and issued a price target of €3.50. Eutelsat’s share price closed on December 9th at €3.21, up on […]

Eutelsat Group has exercised the put option signed with EQT Infrastructure VI fund on August 9th regarding a majority stake in a newly created entity that will hold Eutelsat’s passive ground infrastructure assets. This decision follows the completion of the consultation processes with relevant employee representative bodies of Eutelsat.The exercise of the put option led […]

Investment bank JP Morgan has lowered its Eutelsat share price target from €3 to just €2.80 (and ‘SELL/Underweight’ advice to clients). The move prompted a share sell-off and a rapid collapse and its already extremely low share price fell back from about €3 on Nov 28, to a low point of €2.84 on the 29th […]

There is, in reality, no links with the Kremlin for Paris-based satellite operator Eutelsat, but that didn’t stop one shareholder using last week’s AGM at Eutelsat to complain about the operator broadcasting Russian channels. The cause for the complaint are channels which are carried as part of – for example – Eutelsat’s popular 36 degrees […]