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 […]
Liechtenstein was turned down by the International Telecommunications Union (ITU) last week in its request to grant its licence-holder Rivada Space a one-year extension to its launch plans for two 300-satellite constellations. But the ITU has granted a French National Frequencies Agency (ANFR) application on behalf of OneWeb and Airbus an eight-month extension to begin […]
Eurovision, the widely praised approach to some key annual broadcast opportunities, is a suitable model for space-related activities, according to Chris McLaughlin, chief of government, regulatory and engagement at OneWeb. Europe can remain competitive in the commercial space industry, says McLaughlin, “[but] needs an open door to innovation and opportunity. This, of necessity, extends the […]
OneWeb has received unanimous approval from Brazil’s telecommunications regulator for a satellite Landing Rights license in the country. Agência Nacional de Telecomunicações (Anatel) has granted a 15-year licence for OneWeb’s cutting-edge satellite technology to address the connectivity needs of thousands of Brazilian and international businesses. This licence will also enable OneWeb to support the Brazilian […]
A massive Indian rocket (GSLV Mk3) will launch in October, and again in January 2023, carrying satellites for the OneWeb low Earth orbiting mega-constellation. India’s Space Research Organisation’s (ISRO) Chairman, Dr S Somanath confirmed the order from OneWeb and explained that the October launch would be the maiden flight for the rocket. The GSLV Mk3 […]