Satellite operator Eutelsat has appointed Laurence Delpy as General Manager of the Video Business Unit and Cyril Dujardin as General Manager of the Connectivity Business Unit. These two appointments are at the core of Eutelsat’s telecom pivot, which will be further strengthened by the combination of Eutelsat and OneWeb announced in July 2022. The creation […]
Constellation operator OneWeb, itself in the process of merging with Paris-based Eutelsat, has booked a $229 million (€230.9m) impairment charge caused by the ending of its six-launch contract with Russia’s Soyuz rockets because of “geo-political” problems. OneWeb has also seen 36 of its costly satellites stuck at the Baikonur Cosmodrome, and now unlikely to be […]
Airbus OneWeb Satellites (AOS), the joint-venture between constellation operator OneWeb and Airbus Defence & Space, have contracted with Astra Space to use and integrate Astra’s spacecraft engines into its Arrow small satellite portfolio. Financial details, nor delivery obligations were revealed. The AOS joint-venture is based near Merritt Island, Florida, very close to the Cape Canaveral […]
Rwanda is backing a scheme to launch 300,000 satellites into low Earth orbit. The project, E-Space, is being advised as CEO by serial satellite entrepreneur Greg Wyler (who was instrumental in forming O3b and OneWeb). E-Space is now hiring senior staffers. Production of the satellite fleet is due to commence next year. E-Space has now […]
Intelsat and OneWeb have signed a “global distribution” partnership, an initiative to provide a global service for In Flight Communications and broadband to aircraft. Intelsat already has considerable skin in the game because it bought in 2020 the commercial aviation connectivity business from Gogo for what many have seen as being a timely ‘bargain’ of […]
The world’s three leading satellite operators are talking about mergers. Eutelsat has announced its plan to merge with OneWeb, while SES is reported to be in talks to merge with Intelsat. But the market has delivered a devastating comment on both sets of reports. For example, Eutelsat suffered a massive fall in its share price […]
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 […]