President Emmanuel Macron of France, in a speech to British parliamentarians, said the UK should boost its investment in space-related businesses. On July 9th he was meeting privately with UK Prime Minister Sir Kier Starmer where it is possible that the UK’s investment in OneWeb could be on their agenda. Macron, in his speech, argued […]

There are more than a few ‘rivals’ to Starlink, but only Eutelsat’s OneWeb has a full fleet of satellites in orbit with which to challenge Elon Musk’s broadband satellite service. The other major potential rivals are Jeff Bezos-backed Amazon Project Kuiper and Canada’s Telesat and its Lightspeed fleet. But Kuiper has only just started launching […]

Eutelsat, as expected, is raising €1.35 billion in fresh capital. The French state is “anchoring” the increase, which will be in place by the end of this year. The extra cash comes by way of a €716 million capital increase which would be subscribed by the French State via the Agence des Participations de l’Etat […]

Eutelsat’s newly appointed CEO, Jean-François Fallacher, speaking at the Paris Air Show, firmly denied that the satellite operator was in financial difficulties. “Let me correct a misimpression: Eutelsat does not have financial difficulties: No. Eutelsat has a need for financing. There’s a difference,” Fallacher asserted. “We need financing to develop the constellation and continue our […]

Eutelsat’s new CEO, Jean-François Fallacher, is “racing” to secure fresh funding in order to save OneWeb according to Bloomberg. The constellation of low-Earth orbit (LEO) satellites is seeking to challenge Elon Musk’s Starlink and the upcoming Jeff Bezos-backed Project Kuiper LEO system. The industry expects Fallacher to be successful. “After all, why would he have […]

South Korea’s Hanwha Systems is selling its shares in Eutelsat (equal to a 5.4 per cent stake) for a reported €78 million ($85m). Citi Bank says the shares are on offer at just €3, which is some 13.9 per cent below Eutelsat’s current share price. The move makes a 74 per cent loss for Hanwha […]

Eutelsat Group and Orange have signed an agreement enabling Orange to reinforce its position in low Earth orbit (LEO) satellite communications, leveraging Eutelsat’s OneWeb constellation. Through this latest investment, Orange aims to strengthen its satellite solutions portfolio with LEO connectivity solutions providing high throughput, low latency, resilient and sovereign services to its enterprise and government […]

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 […]

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 […]