November 16th saw Eutelsat’s share price crash 5 per cent and SES suffer a 2 per cent fall on the day. In the US Viasat and Loral both fell 3 per cent with Echostar and Iridium falling 2 per cent. Asian satellite shares also fell. The reductions were seen as being “excessive” according to analysts […]
Ottawa-based Telesat is expected to be granted approval by the Toronto Stock Exchange for a listing over the next few working days. However, the approval depends on a planned merger between Telesat’s part-owners Loral Space & Communications and Canada’s Public Sector Pension Investment Board (PSP Investments) also closing on time. If all goes as planned […]
OneWeb, the low Earth orbit satellite communications company, has signed a Letter of Intent (LOI) with Ghalam LLP to collaborate on opportunities for the local production of components for the second generation of OneWeb satellites in the Republic of Kazakhstan. The LOI comes as OneWeb takes additional steps to deepen its commitment to Kazakhstan and […]
Canadian satellite business Telesat, the world’s fourth-largest operator, revealed its Q3 results on November 5th. The 9-month revenues were down by 8 per cent to C$571 million (€396.4m). The 3-month numbers showed revenue of C$192 million, a fall of 5 per cent compared to the same period in 2020. But Telesat has a problem with […]
Rwanda’s ITU filing to build and launch 327,000 satellites in low Earth orbit (LEO) was considered by many observers to be at the very least “audacious”. Now, according to a report in the Sunday Telegraph newspaper, it has emerged that the scheme is being masterminded by Greg Wyler, a serial entrepreneur and who has also […]
Satellite constellation operator OneWeb has won distribution over Pakistan. An agreement between its OneWeb/NEOM joint-venture has been signed with REDtone Telecommunications, which is a licensed telcoand digital services provider. The newly formed OneWeb/NEOM Tech & Digital JV will bring high-speed satellite connectivity to NEOM, Saudi Arabia, the wider Middle East and neighbouring countries including Pakistan. […]
The Satellite Industry Financial Analysis, 11th Edition from satellite and space sector research and consulting firm NSR projects the global satcom industry contracted by 2.3 per cent in FY2020 to $13.4 billion (€11.6bn). While continuing sector trends such as a weakening DTH sector and COVID-19 impacts on aeronautical and maritime markets drove declines, enhanced revenue […]
In a filing that could be right out of science-fiction, the small East African state of Rwanda has formally filed an application with the International Telecommunications Union (ITU) in Geneva to license a huge number of low Earth orbiting satellites. The ITU has confirmed the application which will now proceed through the its conventional application […]
Low Earth orbit (LEO) satellite communications company OneWeb has confirmed its successful launch of 36 satellites by Arianespace from the Vostochny Cosmodrome. This brings OneWeb’s total in-orbit constellation to 358 satellites, over half of OneWeb’s entire 648 LEO satellite fleet that will deliver high-speed, low-latency global connectivity. Lift-off occurred on October 14th at 10:40am BST. […]
Two years ago, French president Emmanuel Macron said he would create a Space Force. On October 12th, he backed up his promise with a €30 billion commitment for investment in France’s high-tech sectors. “We want to have Elon Musks in France,” he told an audience at the Elysée Palace. Macron said that Musk and his […]