Eutelsat and OneWeb predict ‘double digit growth’ post-merger

Earlier this year, Eutelsat and OneWeb announced plans to merge. Yesterday they provided a Capital Markets Day strategic update in which they said that they expect the enlarged company to achieved double digit revenue growth “over the medium to long-term”. If proved correct, they will top revenues of €2bn and EBITDA of €1.4bn in 2027. […]

Eutelsat sees further decline in broadcast revenues

Satellite operator Eutelsat’s broadcast video revenues have continued to decline in its fiscal first quarter, with a mid-single digit decline in broadcast expected for the full year. Eutelsat’s broadcast sales were down 7.4% to €170 million, which the company said reflected the carry-forward effect of the partial renewal of capacity with Nilesat at 7/8° West […]

Eutelsat accuses Iran of jamming satellite pair amid civil unrest in country

Eutelsat has accused the Iranian state of jamming its satellites. The operator issued a statement accusing Iran of jamming two of its satellites since September 26 in a move which is “explicitly prohibited” by International Telecommunication Union (ITU) Radio Regulations. Eutelsat is one of the largest satellite operators in the world and provides coverage to […]

Eutelsat celebrates launch of its largest ever satellite

Eutelsat Communications has announced the successful launch of the largest ever satellite ordered in Europe. The EUTELSAT KONNECT VHTS satellite was successfully launched into Geostationary Transfer Orbit by Arianespace using an Ariane 5 rocket that lifted off from the Guiana Space Centre in Kourou, French Guiana, at 9.45 pm Universal Time (11.45 pm CET) on […]

Eutelsat names new business unit chiefs as it pivots to telecoms

Satellite operator Eutelsat has named Laurence Delpy as general manager of it video business unit and Cyril Dujardin as general manager of the connectivity business unit. Eutelsat described the appointments as being at the core of its telecom pivot, which it said will be further strengthened by the combination of Eutelsat and OneWeb announced in […]

SES and Intelsat reportedly in merger talks

Satellite operators SES and Intelsat are in merger talks, according to a report in the FT. According to the paper, the pair are in talks in a move to ensure they are not left behind by industry consolidation in an environment where new entrants such as Elon Musk’s Starlink. Citing unnamed sources, the FT said […]

Eutelsat highlights ‘stable’ broadcast revenues, OneWeb merger plan details

Satellite operator Eutelsat, which yesterday confirmed it was planning an effective takeover of low-Earth orbit constellation OneWeb, has posted satisfactory mid-year results by its own estimation, with revenues slightly above the mid-point of the expected range. Eutelsat posted revenues of €1.15 billion, down 6.7%, and EBITDA of €862 million, down 6.5% for the full year. […]

Eutelsat confirms in talks to acquire OneWeb

Satellite operator Eutelsat has confirmed that it is in talks with its co-shareholders in low-Earth orbit satellite outfit OneWeb to acquire the latter to create a combined geostationary Earth orbit/low Earth orbit player with complementary activities. Eutelsat, whose confirmation follows press reports that the pair were in talks, said that the combined entity would be […]

Berenberg: SES ‘preferred’ to Eutelsat as investment

Analysts at Berenberg have delivered a relatively positive assessment of satellite operator SES and a relatively negative view of rival Eutelsat – in line with the investment bank’s recent view of the pair’s contrasting fortunes but a reversal of its position a few years ago. Berenberg argued that SES’s shares are under-priced despite performing strongly […]

Eutelsat sees ‘improving trend’ in broadcast, no change on Russia stance

Satellite operator Eutelsat continued to see its broadcast revenues decline in its fiscal third quarter, in this case by 6.8% on a like-for-like basis to €182 million. Data and professional video revenues also dropped by 2.7% like-for-like to €39.5 million in the three months to March, while government services revenues were also down. Declines in […]