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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.
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 expects to receive $382,000,000 by the end of 2023 for its C-band clearing work following a $125,000,000 interim payment.
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.
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.
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.
Eutelsat is working through a takeover deal valuing OneWeb at $3,400,000,000.
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.
The satellite will provide Eutelsat with around 50 gigabits per second of additional capacity over Asia.
On 2023-08-07, Eutelsat partnered with a regional satellite operator in Thailand to order a high-throughput geostationary telecommunications satellite covering Asia.
Through the new software-defined satellite, Eutelsat will expand its in-orbit assets by some 50 Gbps of incremental capacity over Asia.
Eutelsat has a Chinese shareholder, China Investment Corporation (CIC), that holds a 7 percent stake obtained from Spanish infrastructure company Abertis.
OneWeb is being acquired and merged into Paris-based Eutelsat with the acquisition expected to formally close by the end of September.
Eutelsat expects OneWeb to contribute between 125 million and 225,000,000 EUR to Eutelsat’s forecasted operating vertical revenues for the coming 12 months.
Video revenues represented about 62% of Eutelsat’s business during the fiscal year ending 2023-06-30.
Eutelsat’s recently launched geostationary satellites Eutelsat 10B and Konnect VHTS are contributing commercial traction to its mobile and fixed connectivity businesses.
Eutelsat’s mobile connectivity division increased nearly 29% to 110,000,000 EUR, driven by maritime customers as new connectivity-focused geostationary satellites come online.
The combined Eutelsat–OneWeb group expects to record between 725 million and 825,000,000 EUR in adjusted EBITDA for the next fiscal year.
Eutelsat has operated the 10° East orbital location since 1987.