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 […]

Eutelsat and OneWeb tie up multi-year distribution deal

Eutelsat Communications has announced a global, multi-year Distribution Partnership Agreement (DPA) with low Earth orbit (LEO) satellite communications company OneWeb. Agreeing a deal to access OneWeb capacity, Eutelsat said that the agreement will pave the way for it to commercialise OneWeb services across key verticals including Maritime, Aviation, Enterprise, Telcos and Government. The announcement comes […]

BT partners with OneWeb for UK satellite broadband solutions

BT has announced a partnership with OneWeb for the latter to provide Low Earth Orbit (LEO) satellite communication services across BT Group. The announcement expands on an initial Memorandum of Understanding signed in July, and will see BT test how LEO satellite technology integrates with its existing terrestrial capabilities. BT said that live trials will […]

Eutelsat increases OneWeb stake

Eutelsat Communications has increased its shareholding in UK communications network company OneWeb. The French satellite operator has increased its stake from 17.6% to 22.9% for US$165 million. This builds on Eutelsat’s initial investment of US$550 million in OneWeb that was announced in April. Eutelsat’s 22.9% holding will make it the second largest shareholder behind Bharti […]

Intelsat-OneWeb deal collapses over failed debt swap

Intelsat said it expects its planned Softbank-backed merger with affordable internet provider, OneWeb, to now be terminated after failing to agree a debt exchange agreement. The satellite operator said that its offer to swap outstanding senior unsecured notes had not been accepted and that the minimum tender conditions for the offer had not been satisfied. […]

Intelsat to merge with OneWeb in major SoftBank-backed deal

Satellite operator Intelsat has agreed to merge with affordable internet provider OneWeb, in a deal backed by a large investment from Japan’s SoftBank Group. Intelsat and OneWeb will merge in a share-for-share transaction, with Intelsat also agreeing a share-purchase agreement with OneWeb investor SoftBank. SoftBank will invest US$1.7 billion in newly issued common and preferred shares […]