Fitch Ratings has taken another look at Eutelsat’s prospects and downgraded the satellite operator to ‘BB-‘ and with an ‘Outlook Negative’ view because of its “OneWeb challenges”, its higher execution risks, and competition for OneWeb from other LEO constellations. Fitch expects Eutelsat to have to borrow more cash to fund the OneWeb expansion plan. Fitch’s […]

Racing series Extreme E has launched a partnership with Eutelsat OneWeb, the Geostationary Equatorial Orbit and Low Earth Orbit (GEO-LEO) satellite communications operator.  The collaboration with Eutelsat OneWeb, part of Eutelsat Group, will connect the racing action to the St Helena, the championship’s floating centrepiece which transports all of the series’ ODYSSEY 21 vehicles and […]

Eutelsat was hammered on the Paris stock exchange in early trading on January 29th, instantly falling 15 per cent as the Bourse opened. Eutelsat had issued a trading update and the news, as far as OneWeb was concerned, was not good. Eutelsat had owned OneWeb for just four trading months which had enabled a “deep […]

Eutelsat has issued a trading review and market update stating that its OneWeb division was making slower progress than expected. The impact has slashed its anticipated EBITDA revenues for this year (to June 30th) by between €75 million to €145 million. Eutelsat has “suspended” its guidance for this financial year and postponed any further guidance […]

Eutelsat Group has announced that Paratus South Africa, a specialist connectivity provider, and Eutelsat OneWeb have partnered to enhance Paratus’ connectivity offering in South Africa. Paratus South Africa already provides Geostationary (GEO) satellite services through its partnership with Eutelsat Group and this new agreement further strengthens its satellite connectivity services through a combined GEO/LEO offering […]

The European Commission (EC), in a press briefing, confirmed that its planned IRIS² satellite connectivity project has selected ‘SpaceRise’ which currently comprises operators SES and Eutelsat and is the only bidding consortium. The EC said that the project is on track and a contract can now be signed on or before March 24th. Certain further […]

Investment bank BNPP, in a major examination of three key satellite operators and their share prices, says SES, Eutelsat and Telesat have remained under pressure – with only Telesat making some modest headway because of its progress with its Lightspeed low Earth orbit constellation. In a self-examination of what it got right (and wrong) in […]

The merger between Eutelsat and constellation operator OneWeb has cost the UK taxpayer around £200 million (€230.9m) in losses. The unexpected decision to rescue OneWeb from bankruptcy was driven, at least in part, by anxieties that China could gain control of the struggling business. Dominic Cummings, a key adviser to the now disgraced former Prime […]

Eutelsat OneWeb has signed what it describes as a “multi-million dollar exclusive distribution agreement” with telco Rawafed Libya (RLTT) to deliver connectivity services across Libya. RLTT is expanding its relationship with Eutelsat Group to include a hybrid bundle of both enhanced GEO and LEO services, in this new landmark agreement. Eutelsat OneWeb will provide exclusive […]

Lebanon-based Al Mayadeen is being accused of broadcasting without a licence. The channel is alleged to be transmitting “anti-Semitic and Holocaust denial statements” according to French observers. The influential Denis Diderot Committee has published an ‘alert report’ on Al Mayadeen TV. “This channel, broadcast to the Middle East, North Africa and Europe by two Eutelsat […]