The French state is considering a major strategic investment in Eutelsat. A report from French newspaper Le Monde – wholly unconfirmed – suggests that Eutelsat needs to find around €4 billion of extra funding to maintain its OneWeb fleet of 650 satellite, now seen as the only viable alternate to Elon Musk’s Starlink, as well […]

Germany is paying for extra satellite coverage over Ukraine by securing capacity on Eutelsat. Reportedly, this has been going on quietly behind the scenes for almost a year, designed to secure extra bandwidth for Ukraine’s military as an alternate to Elon Musk’s Starlink system. According to a Reuters report, Eutelsat’s CEO, Eva Berneke, revealed that […]

Various reports on a proposed $1.5 billion Italian plan for Elon Musk’s Starlink satellites talk of the agreement being ‘cancelled’ or ‘paused’ or ‘stalled’. In its place Eutelsat’s CEO has addressed the dilemma and specifically talking up Eutelsat’s ability to fill the Italian gap. Eutelsat CEO Eva Berneke told French parliamentarians that “Starlink ties Italy […]

French satellite operator Eutelsat is in detailed talks with the EU to replace Starlink as Ukraine’s primary service for military communications, company CEO Eva Berneke said on March 6th. Eutelsat already operates in Ukraine and currently has thousands of OneWeb terminals, although not all are connected, Berneke explained. She said discussions with suppliers are underway […]

Within minutes of Eutelsat releasing its half-yearly results on February 14th a major sell-off by shareholders occurred, and drove Eutelsat’s share price down to another ‘all time low’ of just €1.39 a share, and a 11.4 per cent fall on the day. A week earlier they were trading at about €1.80. A month ago, they […]

Eva Berneke, CEO at Eutelsat, has unveiled the operator’s financial results. Eutelsat’s once-reliable Video division revenues fell 6.4 per cent (€309.2 million) but each of the other verticals were in solid territory. Total revenues for the First Half of FY 2024-25 stood at €606.2 million, up by 5.9 per cent on a reported basis. Revenues […]

Eutelsat America Corp. and OneWeb Technologies Inc (EACOWT), which operate as a wholly owned independent US proxy company and subsidiary of Eutelsat Group, have announced the appointment of Ian Canning as president and chief executive officer (CEO). Canning served as EACOWT’s COO and most recently served as the company’s acting CEO. He brings a wealth […]

Eutelsat CEO Eva Berneke, speaking to FT, candidly admitted that developing its ‘next generation’ of OneWeb satellites would take time, unless it could bring partners on board. “We could fund the development of Gen 2 on our own,” she insisted. But it would be “a stepwise approach over years”. OneWeb already has 630 satellites in […]

Eutelsat’s full-year revenues (to June 30th) were positive. Overall revenues were up 7.2 per cent to €1.21 billion (€1.13 billion in the previous year). Eva Berneke, CEO, explained that Eutelsat was in the middle of a profound transformation, commenting: “The advent and rapid adoption of LEO technology presents significant opportunities in both the commercial and […]

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 […]