Eutelsat says that its upcoming merger with Low-Earth orbiting constellation OneWeb will achieve estimated savings for between €1.5 billion-€1.8 billion in the two businesses’ operational costs, measured against an overall cost to Eutelsat of an estimated €4 billion in terms of acquisition and investment. The Eutelsat and OneWeb merger is on track to close during […]
Eutelsat has decommissioned its 5WA satellite. The craft, designed for a 15-year mission, actually lasted more than 20 years. Launched in 2002, it has now been repositioned to a high ‘graveyard’ orbit some 400 kms higher than the usual geostationary arc which is the normal position for giant communications satellites. Eutelsat described the long lifetime […]
In June 2022 Eutelsat, via a commitment to the ITU’s ‘Partner2Connect’ initiative, pledged to connect 1 million underserved people in sub-Saharan Africa by 2027. Eutelsat says it is well on its way to that goal having reached the 200,000 mark for connections to its Konnect WiFi hot-spots in the region. Operating over Africa, Konnect is […]
Paris-based satellite operator Eutelsat has ordered a flexible software-defined craft from Thales Alenia Space. Eutelsat says that this ‘New generation’ of high-throughput, software-defined satellite, allowing flexibility and instant reconfigurability, to adapt to changing missions. It will reinforce Eutelsat’s in-orbit assets to serve surging demand for Connectivity in the Americas. The Flexsat (for flexible satellite) will […]
Eutelsat held its AGM in Paris on November 10th. Top of the list of decisions made was confirmation that its dividend for this year (its trading year to June 30th 2022) will be maintained. Investors have a choice of either accepting the 93 cents/share dividend, or to take newly-issued shares in Eutelsat at the option […]
Andrus Ansip, the former European Commission’s vice president, has again criticised satellite operator Eutelsat for not ceasing its relationship with Russia. Ansip, also a former prime minister of Estonia, is accusing Eutelsat of collaborating with Russia. Ansip was following up his previous October 18th condemnation of Eutelsat. This time he has been unequivocal in his […]
Eutelsat has unveiled its Q1 results showing overall revenues have fallen by 4.5 per cent on a like-for-like basis to €287 million. But CEO Eva Berneke said that its merger with OneWeb, now progressing through the normal regulatory measures, would take the combined businesses to revenues of €2 billion by 2027. Berneke said that the […]
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 […]
Eutelsat revealed its Q3 financials after the market closed on May 12th. Its financial year ends on June 30th. The Broadcast division’s quarterly revenues fell back 6.8 per cent y-o-y to €172.5 million (from €182 million); Broadcast is 61 per cent of the company’s revenues. The problems in Russia were covered by the company. The […]
New CEO Eva Berneke had only been aboard at Eutelsat for some nine weeks, but in her panel discussion at the recent Satellite 2022 show in Washington, she was well up to speed in regard to Eutelsat’s recent history and prospects for 2022. Berneke highlighted last year’s investment in OneWeb – wrapped by previous CEO […]