Satellite operator Eutelsat reports revenue boost from Oneweb takeover Tech Revenue at French satellite operator Eutelsat hit €1.21bn (£1.03bn) in the company’s fiscal 2023. Still, the group had a notable drop in operating and net income despite reduced debt and growth in government services. Headquartered and listed in Paris, the company added a London listing when it acquired the UK-based company Oneweb last year. Revenue [...]
French satellite company Eutelsat poised to snap up British rival OneWeb Satellite French satellite company Eutelsat is poised to buy British rival OneWeb in a deal which will see the UK brought together with French and Chinese governments as common shareholders.
OneWeb and Eutelsat ink £2.8bn deal to forge satellite powerhouse confirmed British satellite darling OneWeb and French competitor Eutelsat confirmed this morning that they will push ahead with the £2.8bn merger. Eutelsat is set to suspend its dividend for two years to pump investment into OneWeb’s low-Earth orbit satellite network, as part of the all-share deal. The deal is intended to forge a satellite powerhouse to [...]
Could Elon Musk fix Britain’s rural connection gaps? BT is mulling a deal with Starlink January 15, 2024 BT is in talks with Starlink, Elon Musk's internet satellite 'constellation', as it tries to plug connectivity gaps in remote areas.
Oneweb raises $550m as French satellite firm Eutelsat takes major stake April 27, 2021 Oneweb today said it had raised $550m (£395m) in fresh funding from French satellite firm Eutelsat as the race to roll out space internet services gathers pace. Eutelsat, which is part owned by the French state, will take a stake of roughly 24 per cent in the British company and take on similar governance rights [...]
Eutelstat: Satellite operator’s profits crash to earth as OneWeb delays hit revenues February 16, 2024 Eutelstat Group has reported a dip in half-year profits after the French satellite company slashed its annual guidance because of delays at OneWeb.
OneWeb takeover by Chinese state-backed rival raises national security concerns July 25, 2022 The proposed takeover of British satellite darling OneWeb by French rival Eutelsat has caught scrutiny over national security. The joint company, estimated to be worth around $6bn (£4.9bn), would create a satellite and communications powerhouse to compete against Elon Musk’s SpaceX and Starlink – which currently dominates the satcoms industry. Eutelsat, which is partly owned [...]
UK competition watchdog launches inquiry into £5.4bn Inmarsat takeover July 25, 2022 The UK’s competition watchdog has launched an inquiry into the £5.4bn takeover of UK satellite giant Inmarsat by a US rival Viasat. The merger would fuse British and US expertise in the satellite space, a sector traditionally dominated by the States. However, it has the potential to raise substantially reduce the amount of competition in [...]
Satellite duo in reported merge talks amid wave of sector consolidation August 4, 2022 A pair of US and Luxembourg-based satellite giants are reportedly in talks to merge, as the increasingly scrutinised sector undergoes a wave of consolidation. SES and stateside group Intelsat are in discussions, the Financial Times first reported yesterday. People familiar with the matter stressed that talks are still in their early stages. It follows UK [...]
Business of Space: Can the relationship with Roscosmos ever be repaired? March 25, 2022 This week: Isotropic Systems on track for first commercial launches Space cooperation between Russia and Europe “destroyed” OneWeb goes on deal-making spree Isotropic Systems Satellite firm Isotropic Systems is on track for its first commercial launches this year, following the final successful round of testing its multi-link satellite tech. The ground terminal provider has developed technology which [...]