Eutelsat is a leading satellite operator and the world's first integrated GEO-LEO satellite operator, formed in 2023 through the combination of Eutelsat and OneWeb. With a fleet of 34 geostationary satellites and a LEO constellation of over 600 satellites, the company provides global services for video broadcasting, broadband, data connectivity, and government communications. Eutelsat also delivers services for maritime and in-flight mobility, offering solutions like the Eutelsat Advance platform for high-end connectivity and digital platforms for broadcasters. Associated keywords include satellite communications, GEO-LEO infrastructure, and broadcast services.
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Eutelsat Group merged with OneWeb and has adopted a hybrid GEO-LEO strategy to combine geostationary broadcast capacity with LEO low-latency capabilities.
Eutelsat is targeting approximately 50% LEO revenue growth through 2027 and is leveraging its role in the IRIS² project for long-term financial stability.
Jean-François Fallacher became CEO of Eutelsat Group in June 2025.
Eutelsat signed a January contract with Airbus valued at €2.0–2.2 billion for 340 additional LEO satellites.
Eutelsat’s Airbus satellite order is backed by a €1.5 billion capital increase with support from the French and British governments.
The IRIS2 secure connectivity program is led by a consortium called SpaceRise that includes operators Hispasat, SES, and Eutelsat.
Eutelsat’s early-2026 earnings showed LEO revenues surged nearly 60% year-over-year while GEO revenues declined 4.5%.
Eutelsat’s new Airbus-built LEO spacecraft carry advanced digital payloads that can be reconfigured in orbit to support the EU’s IRIS² sovereign constellation.
The capital raise led to rating upgrades for Eutelsat from Moody’s and Fitch by two and three notches, to Ba3 and BB respectively.
Eutelsat received a loan from the French export credit agency to fund the 440 OneWeb refresh satellites that Eutelsat has ordered.
In February Eutelsat issued 1.5 billion euro in bonds consisting of an 850 million euro five-year tranche with 5.75% interest and a 650 million euro seven-year tranche with 6.25% interest.
Eutelsat’s bond offer unlocked $4.06 billion in financing for a OneWeb refresh and for investment in IRIS2.
Eutelsat completed a 5 billion euro refinancing plan with the final step of a 1.5 billion euro bond issuance.
Eutelsat will contribute approximately €2.0 billion in capex to the IRIS2 program.
By late 2025 Eutelsat completed an 828 million euro capital raise and a 670 million euro rights issue to the same shareholders.
Eutelsat closed a two-tranche debt facility on March 5.
Eutelsat is working to support deployment of the OneWeb Low-Earth Orbit constellation and to strengthen its financial flexibility by accelerating debt reduction.
Eutelsat is positioned to accelerate deployment of its multi-orbit strategy, support the European IRIS² constellation, and reinforce its position as Europe’s leading provider of space connectivity.
In June 2025 Eutelsat completed a 1.5 billion euro equity raise that increased the French and British governments’ shares in the company.
Sealink Multi-LEO will deliver a single, fully managed data allowance across the Starlink and Eutelsat OneWeb LEO satellite networks.