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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Solaris changed its name to EchoStar Mobile Limited and provides connectivity services in and around Europe using the EchoStar-21 satellite and a partly operational payload on Eutelsat-10A.
Eutelsat intends to buy a 24% stake in OneWeb.
Eutelsat bought 24% of OneWeb on 2021-04-27.
Eutelsat is part of an industry consortium that received a European Commission study contract in December 2020 to examine the feasibility of a European satellite constellation.
Eutelsat is acquiring a 24% stake in OneWeb for $550,000,000 announced on 2021-04-27.
Eutelsat will buy 24% of U.K.-headquartered OneWeb as of 2021-04-27.
On 2021-04-27, Eutelsat paid $550,000,000 to acquire a 24% stake in OneWeb.
Eutelsat plans to buy 24% of low Earth orbit broadband startup OneWeb for $550,000,000 with the deal expected to close in the second half of 2021.
Mobile connectivity revenues fell 17.2% year-on-year to 15,700,000 EUR for the first three months of 2021, representing 5% of Eutelsat’s total sales.
Fixed broadband revenues increased 1.9% on a like-for-like basis to 20,500,000 EUR for the first three months of 2021 (Eutelsat’s 2020-07-01-21) compared with the corresponding period the year before.
Eutelsat expanded its partnership with Facebook in Africa on 2021-05-07 to use more of Facebook’s Express Wi-Fi platform to provide broadband services via satellite across several regions in sub-Saharan Africa.
Eutelsat raised the bottom end of its full-year revenue guidance to between 1,200 million and 1,220,000,000 EUR, versus a prior forecast range of between 1,190 million and 1,220,000,000 EUR.
Fixed broadband represented 7% of Eutelsat’s revenues for the first three months of 2021, up from 6% in the first three months of 2020.
French satellite operator Eutelsat invested $550,000,000 in OneWeb on 2021-04-27.
Atos has been selected by Eutelsat to deliver a satellite payload monitoring solution under a five-year contract.
Viasat purchased the remaining 51% share of Euro Broadband Infrastructure Sàrl from Eutelsat Communications.
The Eutelsat 174A satellite is located at 174° East and offers extensive coverage and high-bandwidth capability over the Asia Pacific region via a payload of Ku-band transponders accessing interconnecting beams.
Eutelsat is paying $550,000,000 to buy a 24% stake in OneWeb.
The first nanosatellite for Eutelsat ELO, ELO Alpha, is slated to launch 2021-04-20 on a Vega rocket that was delayed following a launch failure in November.
Following Eutelsat’s investment, OneWeb needs to raise about $500,000,000 to complete its constellation.