Paris-based satellite operator Eutelsat has unveiled its Q3 results, which were much as expected. CFO Christophe Caudrelier – handling the presentation given Eva Berneke’s departure and the new CEO not due to start until June 1st – told analysts that Eutelsat needed a large injection of equity to enable much-needed loans to kick in. The […]
The French state is considering a major strategic investment in Eutelsat. A report from French newspaper Le Monde – wholly unconfirmed – suggests that Eutelsat needs to find around €4 billion of extra funding to maintain its OneWeb fleet of 650 satellite, now seen as the only viable alternate to Elon Musk’s Starlink, as well […]
USSI Global, a provider of network, broadcast and digital media services and Sinclair Broadcast Group are collaborating to field trial the powerful benefits that Eutelsat Group’s Low Earth Orbit (LEO) satellite connectivity offers for the demanding live, local news production workflow. These successful ongoing trials highlight real-world examples of how local news teams at three […]
Eutelsat has announced its OneWeb low Earth orbit (LEO) services for commercial and business aviation are now live and operational, with over 100 certified antenna installations completed and the first commercial and business aircraft now flying using Eutelsat’s OneWeb LEO connectivity. In addition to its geostationary (GEO) aviation services, Eutelsat is working with Intelsat, Hughes […]
Sir Peter Beck’s New Zealand-based rocket company has gone ahead with its $500 million (€461.1m) cash-raising exercise. Rocket Lab has already confirmed an offer to buy German-based laser connectivity specialist Mynaric for $75 million. But the company says it has eyes on other acquisitions. Rocket Lab has four launches planned over the next few weeks. […]
Intellian Technologies and Eutelsat Group have announced that the new Enterprise Flat Panels are now available exclusively on Eutelsat’s OneWeb LEO network. Featuring the OW11FL (Land Fixed), OW11FV (Land Mobility) and OW11FM (Maritime) – the new series uses Intellian’s antenna technology to deliver enterprise-grade connectivity, enabling end users to receive fast, dependable connectivity anywhere in the world for business-critical communications. […]
Shareholders in Paris-based Eutelsat again saw a successful rise in the satellite operator’s value, rising 82 per cent in value to €3.66 per share. Indeed, at one point shares hit €4.49 before some investors took their profits. Either way, the numbers are considerably better than the €1.15 of a few weeks ago. Eutelsat’s stock has […]
The financial news for Eutelsat has been depressing for some time. But March 3rd saw its share price rocket ahead by almost 50 per cent on news that diplomatic problems between President Trump and Ukraine could mean the EU backing Eutelsat’s OneWeb division as a powerful alternate to Elon Musk’s Starlink for satellite services to […]
February 21st saw Paris-based satellite operator Eutelsat downgraded again. This time the review came from investment bank Goldman Sachs, who advised Eutelsat shareholders to ‘Sell’ from analyst Andrew Lee. On the upside, however, Eutelsat has announced what it describes as the “world’s first 5G non-terrestrial network (NTN) connection leveraging its OneWeb LEO satellites”. The achievement […]
Eutelsat OneWeb, a subsidiary of Eutelsat Group, is pushing India’s Department of Telecommunications (DoT) to approve activation of a pair of crucial Earth station gateways for its Low Earry orbiting constellation to start services, according to India’s Economic Times. Deployment is needed not only for India itelf but for other South Asian nations looking to […]