Eutelsat’s CEO Eva Berneke, in a post-results Q&A with analysts on February 16th, said that she expected its Video DTH decline to slow. Revenues from Video – mostly DTH – had fallen 8 per cent during the 6-months to December 31st 2023. The loss was not helped by DigiTurk not renewing its contract with Eutelsat […]
Eutelsat, helped by initial revenues from its OneWeb constellation, is returning to top-line growth, says CEO Eva Berneke. However, its Video division is still under pressure and suffered a 9.5 per cent decline for the half-year to December 31st 2023. But revenues for its Mobile division showed further impressive growth (up 27.2 per cent). Total […]
Eutelsat’s OneWeb division has won a significant contract with Australian telco Telstra. OneWeb will provide “the largest roll-out of low Earth orbit backhaul in Australia” says the company. The financial value of the agreement was not revealed but more information might emerge from Eutelsat’s half-year results due on February 16th. The launch follows the signing […]
For any satellite orbiting the Earth from above the Equator it is not easy to deliver signals to aircraft flying over the North Pole. Intelsat has managed the challenge with the help of bandwidth from Eutelsat/OneWeb. It has completed a series of test flights to the Arctic Circle demonstrating that airlines that require inflight internet […]
Racing series Extreme E has launched a partnership with Eutelsat OneWeb, the Geostationary Equatorial Orbit and Low Earth Orbit (GEO-LEO) satellite communications operator. The collaboration with Eutelsat OneWeb, part of Eutelsat Group, will connect the racing action to the St Helena, the championship’s floating centrepiece which transports all of the series’ ODYSSEY 21 vehicles and […]
Eutelsat was hammered on the Paris stock exchange in early trading on January 29th, instantly falling 15 per cent as the Bourse opened. Eutelsat had issued a trading update and the news, as far as OneWeb was concerned, was not good. Eutelsat had owned OneWeb for just four trading months which had enabled a “deep […]
Eutelsat has issued a trading review and market update stating that its OneWeb division was making slower progress than expected. The impact has slashed its anticipated EBITDA revenues for this year (to June 30th) by between €75 million to €145 million. Eutelsat has “suspended” its guidance for this financial year and postponed any further guidance […]
Eutelsat Group has announced that Paratus South Africa, a specialist connectivity provider, and Eutelsat OneWeb have partnered to enhance Paratus’ connectivity offering in South Africa. Paratus South Africa already provides Geostationary (GEO) satellite services through its partnership with Eutelsat Group and this new agreement further strengthens its satellite connectivity services through a combined GEO/LEO offering […]
The merger between Eutelsat and constellation operator OneWeb has cost the UK taxpayer around £200 million (€230.9m) in losses. The unexpected decision to rescue OneWeb from bankruptcy was driven, at least in part, by anxieties that China could gain control of the struggling business. Dominic Cummings, a key adviser to the now disgraced former Prime […]
Indian telcos and their satellite partners will have to wait some time to access new satellite spectrum over the nation. A new Telecommunications Bill is now under debate and this is not likely to be finally decided and approved until a planned budget session in February 2024. The various authorities will then need time to […]