Investment bank BNP Paribas has significantly increased its share price target on Eutelsat following the satellite operator’s results on August 5th. The target price jumps from €1 to €2.9, but the bank still advises clients to consider Eutelsat as an ‘Underperform’ stock, despite having the view that its OneWeb division was now “taking off”. The […]
Eutelsat’s OneWeb division saw its revenues grow by more than 84 per cent (€187 million) and now represent about 15 per cent of overall revenue. The numbers emerged as Eutelsat reported its end-of-year results. Total revenues for FY 2024-25 stood at €1.244 billion, up by 2.5 per cent on a reported basis and by 1.6 […]
Australia is budgeting a spend of A$664 million (€373.4m) on its own low Earth orbiting systems, according to forecasts from analysts at Gartner. Khurram Shahzad, Senior Director Analyst at Gartner, commented: “LEO satellites have primarily delivered broadband connectivity to remote locations where traditional networks don’t reach. However, new consumer and business use cases are emerging, […]
Eutelsat and longtime partner Station Satcom, a specialist in maritime communications headquartered in India, have signed a new agreement to deliver Eutelsat’s OneWeb LEO connectivity services to the global maritime sector. The deal marks a significant strategic expansion for Station Satcom, which will integrate OneWeb’s LEO capabilities into its portfolio to provide hybrid satellite connectivity […]
The UK, an investor in Eutelsat/OneWeb, has signed an agreement with Eutelsat to deliver Low Earth Orbit (LEO) satellite connectivity for UK government operations Worldwide. The agreement is with “trusted distribution partner” NSSLGlobal, to support vital diplomatic, defence, policing, and disaster response operations. NSSL will use capacity on the OneWeb fleet. This strategic partnership will […]
Kymeta, the company reimagining satellite connectivity, has announced a major technological leap: simultaneously operating across both Ku and Ka satellite bands in a single, compact antenna – laying the technical groundwork to enable seamless connectivity across satellite networks. This breakthrough marks a significant milestone for the satellite communications industry, ending a legacy of siloed satcom limitations. […]
Intellian Technologies, a specialist in satellite connectivity solutions headquartered in South Korea, and satellite operator Eutelsat have announced that the South Korean government has officially granted a regulatory licence for the deployment of Eutelsat OneWeb’s Low Earth Orbit (LEO) satellite services in Korea. In a first-of-its-kind decision, the Ministry of Science and ICT (MSIT) approved […]
Intelsat, operator of one of the world’s largest integrated satellite and terrestrial network, was selected by Royal Brunei Airlines (RB), the country’s flag carrier, to provide multi-orbit inflight connectivity service to the airline’s Airbus A320neo fleet. “Royal Brunei’s passengers will soon benefit from reliable, multi-orbit connectivity that will provide the same fast and dependable internet […]
Tom Mueller, founder and CEO of Impulse Space has won a major ‘multi-launch’ order from satellite operator SES. Mueller was the first employee at SpaceX and his work on the Merlin rocket engine, still used by SpaceX, was hugely important to SpaceX. He founded Impulse in 2020 having retired from SpaceX. The SES order will […]
The CABSAT Dubai show saw Arabsat agreeing a contract with Canadian Telesat for future use of Telesat’s Lightspeed low Earth orbiting (LEO) constellation. The pair signed a Term Sheet in Dubai for a multi-Gb/s capacity pool of Telesat Lightspeed connectivity services. The two companies had previously agreed a Memorandum of Understanding last year. This latest […]