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Eutelsat began efforts to directly tackle its debt in 2025 with a €1.5 billion capital raise completed by the end of 2025.
Eutelsat will raise €1.5 billion to refinance existing debt and add cash to the company’s balance sheet.
In June 2025 Eutelsat reported net debt of just over €2.6 billion.
The €1.5 billion bond offering from Eutelsat represents entirely new debt rather than equity.
Eutelsat's net debt increased by €82.2 million year-on-year as of June 2025.
Eutelsat will use bond proceeds to increase cash reserves to support the company’s operations.
Eutelsat is borrowing fresh capital from investors to pay off older, more expensive loans and extend its repayment timeline into the next decade.
Alexandra (Alex) Kenworthy is Director of Maritime & Energy at Eutelsat.
Eutelsat secured 975 million euro in government export credit financing after raising 1.5 billion euro in late 2025 from the French government and other stakeholders.
OneWeb’s parent company Eutelsat entered a multi-year agreement with Greenland’s national telco Tusass to provide critical infrastructure, community broadband, maritime, mobility, and emergency services.
Eutelsat is projecting group revenues upwards of 1.5 billion euro by the end of fiscal year 2028-2029 driven largely by LEO services.
Eutelsat reported OneWeb revenues were up 60 percent in its half-year results and projected up to 280 million euro in OneWeb revenues by the end of the current fiscal year.
Eutelsat is a founding member of the SpaceRISE consortium leading development of the IRIS² European LEO-MEO broadband constellation.
Eutelsat is investing roughly 2 billion euro to replenish 440 first-generation OneWeb satellites before deploying next-generation capabilities for IRIS² by 2030.
Eutelsat is continuing to invest in maritime services.
Eutelsat’s fleet comprises 34 GEO satellites, with a large number dedicated to video broadcasting.
Eutelsat cancelled its FlexSat Americas GEO satellite, which had been ordered from Thales Alenia Space in 2022 as a software-defined satellite.
Eutelsat expects many of its video GEO satellites to reach end of life post-2035, in the 2035–2040 timeframe.
Eutelsat’s cancellation of FlexSat Americas will save €100 million in future capital expenditures.
Eutelsat has one active GEO satellite project in partnership with Thaicom for a connectivity satellite that will operate over Asia.