Eutelsat is participating in the latest Seraphim Space 2nd VC fund. The satellite operator has not said how much it has placed into the fund other than it is at a “partnership” level. “Through this partnership, Eutelsat Group and Seraphim will support the development of advanced capabilities to meet the growing market demand for global […]

Eutelsat Group has announced that its first generation of more than 600 satellites in Low Earth Orbit (LEO) has achieved a platinum rating in the Space Sustainability Rating (SSR). First imagined at the World Economic Forum (WEF), the rating’s aim is to reduce the creation of space debris, limit the risk of satellite collisions, and […]

Eutelsat’s CEO Eva Berneke, in a post-results Q&A with analysts on February 16th, said that she expected its Video DTH decline to slow. Revenues from Video – mostly DTH – had fallen 8 per cent during the 6-months to December 31st 2023. The loss was not helped by DigiTurk not renewing its contract with Eutelsat […]

Eutelsat, helped by initial revenues from its OneWeb constellation, is returning to top-line growth, says CEO Eva Berneke. However, its Video division is still under pressure and suffered a 9.5 per cent decline for the half-year to December 31st 2023. But revenues for its Mobile division showed further impressive growth (up 27.2 per cent). Total […]

Eutelsat CEO Eva Berneke, in an interview with Agence France-Presse (AFP), has said that Eutelsat OneWeb intends to form a viable competitor to Elon Musk’s Starlink and provide superfast internet and broadband from space. She told AFP: “We have a lot of customers who want us to get there quickly. They tell us they took […]

Eutelsat, just hours after completing its merger with OneWeb, has seen its shares listed on the London Stock Exchange (LSE). Eutelsat said in a press statement: “[We are] pleased to announce that its entire issued share capital has today been admitted to the Standard Segment of the Official List of the Financial Conduct Authority and […]

Eutelsat Communications has announced the completion of its all-share combination with OneWeb, the global low Earth orbit (LEO) satellite communications network, following the approval at the Ordinary and Extraordinary General Meeting of Eutelsat shareholders in Paris. The combination forms Eutelsat Group. The company remains headquartered in Paris. OneWeb will be a subsidiary operating commercially as […]

The Board of trade body The Global Satellite Operators Association (GSOA) has announced the election of Telesat’s CEO Dan Goldberg as its new Chair. Eva Berneke, CEO of Eutelsat was also elected co-Vice Chair, alongside Ali Al Hashemi, CEO of Yahsat, who was appointed earlier in 2023. Following the recent combination with Global VSAT Forum […]

Eutelsat’s CEO Eva Berneke, speaking on CNBC, said that some shareholders had withdrawn their investments in Eutelsat but they had been replaced by others. She explained that the suspension of the company’s long-standing dividend payments meant that some shareholders who had relied upon those payments had decided to exit. Eutelsat is in the process of […]

Eutelsat says that its upcoming merger with Low-Earth orbiting constellation OneWeb will achieve estimated savings for between €1.5 billion-€1.8 billion in the two businesses’ operational costs, measured against an overall cost to Eutelsat of an estimated €4 billion in terms of acquisition and investment. The Eutelsat and OneWeb merger is on track to close during […]