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 supports a market-based approach to making a portion of C-band spectrum available for 0.005 kg rather than a government-led reallocation.
Rodolphe Belmer, Eutelsat’s chief executive, indicated during a 2019-07-31 earnings call that the C-Band Alliance had procrastinated on calculating proceeds for its members and lacked consensus on a voluntary contribution to the U.S. Treasury.
Eutelsat Communications withdrew from the C-Band Alliance on 2019-09-03.
Market consensus estimated that Eutelsat would receive around 5% of any proceeds from the C-band sale, which Jefferies calculated would equal around 400,000,000 EUR and place the aggregate value for the 200 megahertz at 8,000,000,000 EUR.
Hughes Network Systems’ Jupiter-3 and Eutelsat Communications’ Konnect VHTS are the next-highest-capacity geostationary systems under development and are expected to provide about 500 gigabits per second of capacity when they launch in 2021.
Eutelsat reported EBITDA of 1,000,000,000 EUR for the fiscal year ended 2019-06-30, down 4.3% from the prior year.
Eutelsat initiated a share buyback program with the intent to purchase at least 100,000,000 EUR in shares over the next three years.
Eutelsat’s ratio of cash flow to revenue increased from 16% in 2016 to 31% in fiscal year 2019.
Eutelsat is one of four satellite operators that could receive hundreds of millions to billions of dollars from the sale of some C-band spectrum in the United States.
Eutelsat plans to launch Konnect late in 2019 and to launch Konnect VHTS in the second half of 2021.
Arianespace is contracted to launch Eutelsat Quantum on an Ariane 5 rocket.
Eutelsat estimates Eutelsat Quantum will generate around 40,000,000 EUR in annual revenue, similar to the average across its constellation of nearly 40 geostationary satellites.
Eutelsat launched LEAP-2 to seek an additional 20 million to 25,000,000 EUR in cost savings over three years.
Eutelsat’s EBITDA reached a record 78.1% following the LEAP-1 cost-saving initiative.
Eutelsat set a target of 500,000,000 EUR in discretionary free cash flow for fiscal year 2021-2022.
Eutelsat reported 1,300,000,000 EUR in revenue for the fiscal year ended 2019-06-30, down 5% from the prior year.
The LEAP-1 initiative reduced Eutelsat’s operating expenses by 32,000,000 EUR since 2017.
The C-Band Alliance, composed of Intelsat, SES, Eutelsat, and Telesat, proposed selling 200 megahertz of C-band spectrum primarily used for television broadcasting to companies seeking spectrum for 0.005 kg networks.
Only Viasat, Eutelsat, Inmarsat, and Hughes have announced plans for geostationary satellites with higher amounts of capacity than 300 Gbps.
Eutelsat-7C replaces capacity from Eutelsat-7A and expands coverage at 7 degrees east by 19 transponders.