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Airbus Defence and Space has secured a contract from Eutelsat for the construction of 340 OneWeb low Earth orbit (LEO) satellites.
Eutelsat plans to invest up to 2.2 billion euros to maintain OneWeb's required 440 satellites over the coming years.
Eutelsat posted LEO connectivity revenue of €54.1 million in the first quarter of 2025–26.
Eutelsat announced a €1.5 billion capital increase that was approved by shareholders.
Eutelsat's LEO connectivity revenue grew by 99% over the 2024–25 reporting period.
Taiwan signed a multi-million dollar deal with Eutelsat, the world's second-largest operator of LEO satellites, which has more than 600 satellites after a merger with OneWeb in 2023.
Israel's Ramon.Space secured a major contract with Eutelsat to supply 70 advanced digital communication systems for the OneWeb LEO satellite constellation.
Eutelsat will act as Consortium System Development Prime for SpaceRISE and will provide priority Ku-band spectrum rights and lead the design of the LEO segment.
Eutelsat merged with OneWeb in 2023.
Eutelsat OneWeb is providing services in North America, most of Latin America, Australia, and Europe as of mid-2024.
Eutelsat had 633 satellites in LEO and planned to start worldwide services in early 2024 but fell behind on regulatory approvals and gateway rollouts.
Eutelsat does not plan to deploy another geostationary satellite until 2026.
Eutelsat does not plan to deploy another geostationary satellite until 2026.
Eutelsat acquired OneWeb’s LEO constellation in 2023 and now owns both GEO and LEO satellite assets.
Eutelsat’s adjusted EBITDA stood at €365.6 million on 2023-12-31, down 12.7% from €419 million a year earlier.
Eutelsat tested a OneWeb Gen 2 technology demonstrator in 2024.
Most of Eutelsat’s current LEO broadband services are operating in North America while the company waits to expand the network globally.
Eutelsat expects adjusted EBITDA for the current fiscal year to be between €650 million and €680 million, which is 14% lower than previously expected.
France-based Eutelsat acquired the LEO network after buying OneWeb in September to diversify its broadband business.
Eutelsat planned to start providing OneWeb service worldwide in early 2024 after deploying 633 satellites in low Earth orbit, including in-orbit spares.