Advanced Television

Rodolphe Belmer

Belmer exits Atos

Rodolphe Belmer, who left Eutelsat as CEO at the end of 2021, has abruptly announced he will step down from Atos, the company he joined in January 2022. He will officially leave on September 30th. Atos is a French multi-national information technology business. The company made the announcement of Belmer’s departure just one hour before […]

June 15, 2022By Chris Forrester

Eutelsat keeps Bezos Blue Origin launch order

Back at the Satellite 2017 show, in front of thousands of delegates, Eutelsat’s then CEO Rodolphe Belmer signed a contract with Jeff Bezos for the very first order for Blue Origin’s New Glenn rocket. Eutelsat and Blue Origin, in a statement at the time, said the rocket would be ready “by the end of the […]

April 13, 2022

Eutelsat confirms Nilesat relationship

Eutelsat has unveiled its Q1 revenues – the final set of numbers before Rodolphe Belmer’s departure from the business. The financials were not good. Each and every division showed falling revenues. Its all-important contracted backlog also fell €200 million y-o-y to €4.2 billion. The good news, such as it is, is that Eutelsat has firmed […]

October 29, 2021By Chris Forrester

Belmer leaving Eutelsat

Rodolphe Belmer, CEO at Eutelsat since 2016, is stepping down. He is joining French multinational information technology and consulting firm Atos as CEO. The move is seen as a probable end to the bid by Patrick Drahi to take control of Eutelsat. The news was broken by Atos on the evening of October 20th after […]

October 21, 2021By Chris Forrester

Bad news is good news for Eutelsat shares

The Paris bourse share market responded exceptionally well to the potential bad news of Rodolphe Belmer’s departure from Eutelsat. In early trading Eutelsat’s share price rose a full 1 percent in early trading to €12.60 and matching its recent peak of €12.60 at the height of the Patrick Drahi unsolicited €3.2 billion take-over bid, and […]

October 21, 2021

Eutelsat ups stake in OneWeb

Eutelsat has boosted its shareholding in satellite broadband operator OneWeb. Eutelsat’s stake has been raised from 17.6 per cent to 22.9 per cent and it is paying an additional $165 million (€142.5m) for the investment. Eutelsat is using an option agreed when it invested $550 million in April this year. “Since Eutelsat’s initial investment, OneWeb […]

October 6, 2021By Chris Forrester

Eutelsat secures Konnect deal with Nigeria

France’s President Emmanuel Macron was present at an important contract signing at the Elysee Palace between Eutelsat and Nigeria’s GloWorld Globacom telco. The deal saw GloWorld commit to a “multi-year, multi-Gb/s” spectrum contract aboard Eutelsat’s Konnect Ka-band satellite which will be used to supply broadband connectivity to underserved regions of Nigeria. Globacom, trading under the […]

October 5, 2021By Chris Forrester

Eutelsat ups dividend

Eutelsat’s end of year report (FY/2021 to June 30th) saw revenues of €1.2 billion (in line with consensus expectations of €1.19bn) and helped by a Q4 trading performance that came in 1 per cent ahead of expectations. Management announced an adjusted free cashflow of €498 million and again ahead of expectations. The results helped Eutelsat […]

July 30, 2021By Chris Forrester

Eutelsat taking back Nilesat capacity?

Nilesat and Eutelsat effectively share the 7/8 degrees West orbital positions and have a considerable amount of inter-trading over the MENA market. Eutelsat CEO Rodolphe Belmer told analysts on Eutelsat’s post-results conference call that it intends to “take back” some of Nilesat’s capacity serving the Arabic-speaking market “to distribute it ourselves.” He explained that the […]

February 15, 2021By Chris Forrester

Eutelsat forced to delay Konnect VHTS

Eutelsat enjoyed a near-spectacular market trading day on February 12th when its share price rocketed more than 6 per cent to end the day at €10.31. The rise reflected a sense of buoyancy from CE Rodolphe Belmer despite his alerting the market that its much-needed super-satellite Konnect Very High Throughput Satellite (VHTS) would be around […]

February 15, 2021