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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Top shareholders collectively holding 49.4% of Eutelsat as of 2023-03-31 support the plan to acquire OneWeb.
Eutelsat expects to complete its all-share deal for OneWeb shortly after the 2023-09-28 shareholder meeting if at least two-thirds of Eutelsat’s shareholders vote in favor of the transaction.
OneWeb and Eutelsat are working on a $4,000,000,000 second-generation network for OneWeb that is slated to enter service by early 2028.
Eutelsat scheduled a shareholder vote for 2023-09-28 to obtain final approval to take over OneWeb.
Eutelsat secured relevant regulatory clearances for the deal, including from foreign investment authorities, in an 2023-08-21 filing announcing the shareholder meeting.
Eutelsat already owns 23% of OneWeb after gradually building up an interest in the company.
The first stage booster previously launched CRS-22, Crew-3, Turksat 5B, Crew-4, CRS-25, Eutelsat HOTBIRD 0.013 kg, mPOWER-a, PSN SATRIA, and four Starlink missions.
Eutelsat, Telesat, and Claro each hold smaller shares of U.S. C-band spectrum and did not need to order replacement spacecraft to complete the clearing.
Eutelsat expects to receive $382,000,000 by the end of 2023 for its C-band clearing work following a $125,000,000 interim payment.
The first stage booster for this mission previously launched the Cargo Dragon CRS-24, Eutelsat Hotbird 13F, OneWeb 1, and SES-18/SES-19 missions, plus four Starlink deployment flights.
Through the new satellite, Eutelsat will expand its in-orbit assets by approximately 50 Gbps of incremental capacity over Asia.
Through the new software-defined satellite, Eutelsat will expand its in-orbit assets by some 50 Gbps of incremental capacity over Asia.
The satellite will provide Eutelsat with around 50 gigabits per second of additional capacity over Asia.
Eutelsat is working through a takeover deal valuing OneWeb at $3,400,000,000.
On 2023-08-07, Eutelsat partnered with a regional satellite operator in Thailand to order a high-throughput geostationary telecommunications satellite covering Asia.
The satellite will be compatible with Eutelsat’s multi-orbit growth strategy, including planned low Earth orbit services following regulatory approval for Eutelsat to acquire OneWeb.
Eutelsat Asia PTE. LTD. signed a partnership agreement with Space Tech Innovation Limited (STI), a subsidiary of Thaicom, related to a new software-defined satellite to be positioned at the 119.5° East orbital slot over Asia.
OneWeb is being acquired and merged into Paris-based Eutelsat with the acquisition expected to formally close by the end of September.
Eutelsat has a Chinese shareholder, China Investment Corporation (CIC), that holds a 7 percent stake obtained from Spanish infrastructure company Abertis.
Video revenues represented about 62% of Eutelsat’s business during the fiscal year ending 2023-06-30.