The EU has firmly ruled out the proposed Eutelsat/OneWeb merger as qualifying as the likely candidate for the EU’s own planned Low Earth Orbiting (LEO) broadband constellation. As reported by Sami Kassab, satellite analyst at investment bank Exane/BNPP, Christophe Grudler, the member of the European Parliament in charge of the EU’s LEO satellite project announced […]
Investment bank Exane/BNPP, in a comprehensive report on the proposed merger between satellite operator Eutelsat and Low Earth Orbit constellation OneWeb, says the “increase in interest rates, inflation, the war in Ukraine, [OneWeb] Gen 2 funding requirements all suggest a bit of patience could have improved the financial outcome for minority shareholders… but the new […]
It emerged during a media and analyst briefing from Eutelsat CEO Eva Berneke that the company’s suspension of its dividend payments to shareholders could extend beyond the already announced 2022-2023 and 2023-2024 trading years. This current year’s dividend of €0.93 will be paid, subject to Board approval, in November 2022. Berneke declined to commit specifically […]
Northern Sky Research (NSR) has taken a deep dive into the satellite capacity supply industry which is now past the Covid-19 contraction and, in some areas, growing at a rapid pace. In revenue terms, the 2021 level of $12.1 billion (€11.9bn) is forecast to grow to $30 billion in 2031 representing a cumulative opportunity of […]
As widely anticipated, Paris-based satellite operator Eutelsat is to merge with London-based constellation operator OneWeb. A MoU was signed on July 25th. A statement from the pair said: “The combined company will create a new global leader in the Space industry – securing the future of OneWeb and ensuring it can remove the barriers to […]
Eutelsat’s full-year 2021-2022 results were inevitably overshadowed by the news of its “transformational” merger plan with OneWeb. The headline was a statement that the company expects to return to top-line growth in its full year’s trading during 2023-2024. However, in terms of hard cash, almost all of Eutelsat’s key divisional verticals were in negative territory […]
Following weekend reports that British/Indian satellite broadband constellation OneWeb was “near a merger” with Eutelsat, the Paris-based operator has issued a Clarification statement, saying that it had engaged in discussions with its co-shareholders in OneWeb “regarding a potential all-share combination to create a global leader in Connectivity with complementary GEO/LEO activities”. Eutelsat is already a […]
Eutelsat’s share price has collapsed upon news that it was considering a 50/50 merger with OneWeb. Within one hour of the Paris bourse opening, Eutelsat’s share price had fallen almost 19 per cent with 1.65 million shares changing hands and shares dropping from €10.43 to just €8.44. Shareholders seem significantly nervous about the proposed merger […]
A flash note to investors from investment bank Exane/BNPP and analyst Sami Kassab says that the much rumoured Eutelsat/OneWeb ‘merger’ would make strong strategic sense as it would constitute the first LEO+GEO broadband satellite network in the world. “We believe that multi-orbit systems offer a sustainable competitive advantage as they offer the most attractive bandwidth […]
OneWeb says that an upcoming launch of batches of its satellites on Indian rockets will help speed the deployment of its broadband-by-satellite service in India. OneWeb, backed in part by Bharti Group and the UK government, admitted that its launch schedule had been impacted by the Russia-Ukraine war but hoped to recover some of the […]