Latest news with #EutelsatGroup
Mint
13 hours ago
- Business
- Mint
Bharti Space to invest ₹313 crore in Eutelsat's satellite expansion
Bharti Enterprises' space venture, Bharti Space Ltd, will invest €31.4 million—equivalent to about ₹ 313 crore or $36 million—in French satellite operator Eutelsat as part of the latter's €1.35 billion (around ₹ 11,250 crore) capital raising plan. The company aims to use the fresh funds to pare debt and expand investments in satellite constellations, as it pushes to cement its role in the global space communications market, according to a release by Eutelsat on Thursday. Eutelsat is raising the capital through a mix of a reserve capital increase worth €716 million ( ₹ 6,865 crore) and a rights issue of €634 million ( ₹ 6,330 crore). Bharti Space, along with other key investors—the French government, shipping major CMA CGM, and sovereign investor Fonds Stratégique de Participations (FSP)—will participate in both parts of the fundraise. The equity offering is expected to be completed by the end of calendar year 2025, subject to shareholder and regulatory approvals. Bharti is already an investor in the Eutelsat Group with a 24% market share. With the investment commitment Bharti's shareholding in the entity would be around 18.7%, while French State will become the largest shareholder with a 29.99% stake in the company. Notably, in the merged entity of Eutelsat OneWeb, Bharti owns a 21% stake. Eutelsat's reserved capital increase is being carried out at €4 per share, representing a 32% premium over the company's 30-day average share price on the Euronext Paris stock exchange. According to a company statement, the investment commitments are subject to shareholder nod at an extraordinary general meeting expected around the end of the third quarter of 2025. The capital raise comes at a time of heightened activity in the satellite internet space, especially in India. OneWeb, now part of the Eutelsat Group, has received a licence from the Indian government to launch satellite internet services. However, the rollout remains on hold as the Department of Telecommunications is yet to allocate spectrum for such services. The investment by Bharti also follows closely on the heels of Bharti Airtel's recent partnership announcement with Elon Musk's SpaceX to bring Starlink's satellite broadband service to India. The move indicates that the group is hedging its bets across both GEO and LEO satellite service providers in anticipation of rising demand for rural and remote internet access. 'Eutelsat enters a new chapter, centred on the deployment of LEO, a major innovative and technological revolution for the satellite industry,' said Jean-François Fallacher, CEO of Eutelsat Group. The company is positioning itself as a key player in building a sovereign European satellite infrastructure, supported by its hybrid satellite fleet—35 geostationary (GEO) satellites and over 600 low-earth orbit (LEO) satellites. In a further boost to its long-term outlook, Eutelsat signed a 10-year agreement with France's Ministry of the Armed Forces this week, under the Nexus program. The deal, worth up to €1 billion ( ₹ 9,999 crore), aims to integrate military and civilian satellite resources and strengthen European capabilities in secure space communications.
Yahoo
2 days ago
- Business
- Yahoo
Eutelsat and France's Armed Forces Ministry Reach Landmark Framework Agreement for Low Orbit Satellite Services in the Context of Frances' NEXUS Program
Signaling a strategic evolution in France's space strategy, combining military and civilian resources Underscoring the crucial role of low Earth orbit (LEO) constellations in defense applications Providing strategic in-space resources in advance of the availability of the IRIS² constellation PARIS, June 18, 2025--(BUSINESS WIRE)--Regulatory News: Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) and France's armed forces ministry (Direction générale de l'armement) have today announced a landmark framework agreement on the occasion of the Paris Airshow. The agreement is the embodiment of the NEXUS (Neo-Espace pour de multiples Usages Sécurisés) program launched by the French Ministry of Defence, which aims to reinforce the current French military space communications model by combining military and civilian resources. France reaffirms its commitment to the European IRIS² program, which has been supported from the outset since the French Presidency of the Council of the European Union in 2022. However, the urgency of the international situation means that it cannot wait until then. As the first concrete step in the NEXUS project, the French defense procurement agency (DGA) has reached a 10-year framework agreement, valued at up to €1 billion in expenditure, with Eutelsat, covering the supply of priority-access space resources (notably capacity on Eutelsat's OneWeb LEO constellation), the hosting of ancillary missions for the French armed forces, and operational and security maintenance. The agreement also covers the upgrading and securing of the constellation for military grade use. Jean-Francois Fallacher, Chief Executive Officer of Eutelsat commented: "We are honored at the prospect of supporting the French armed forces through this historic agreement, which underscores the crucial role of low earth orbit satellite capacity in responding to the requirements of contemporary operational theaters. Eutelsat today offers the only commercially operated LEO constellation capable of meeting stringent military standards ahead of the deployment of IRIS². It provides global coverage, low latency, rapid deployment, and adaptability to mobile use cases, attributes validated by successful large-scale experiments conducted with the French Armed Forces." About Eutelsat Group Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 35 Geostationary satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. The Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group's unique suite of in-orbit assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,500 people across more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL). DISCLAIMER The forward-looking statements included herein are for illustrative purposes only and are based on management's views and assumptions as of the date of this document. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable law. The information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable. View source version on Contacts Media enquiries Joanna DarlingtonTel. +33 674 521 531jdarlington@ Anita BaltagiTel. +33 643 930 178abaltagi@ Katie DowdTel. +1 202 271 2209kdowd@ Investors Joanna DarlingtonTel. +33 674 521 531jdarlington@ Hugo Laurens-BergeTel. +33 670 80 95 58hlaurensberge@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
2 days ago
- Business
- Business Wire
Eutelsat and France's Armed Forces Ministry Reach Landmark Framework Agreement for Low Orbit Satellite Services in the Context of Frances' NEXUS Program
PARIS--(BUSINESS WIRE)--Regulatory News: Eutelsat (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) and France's armed forces ministry (Direction générale de l'armement) have today announced a landmark framework agreement on the occasion of the Paris Airshow. The agreement is the embodiment of the NEXUS (Neo-Espace pour de multiples Usages Sécurisés) program launched by the French Ministry of Defence, which aims to reinforce the current French military space communications model by combining military and civilian resources. France reaffirms its commitment to the European IRIS² program, which has been supported from the outset since the French Presidency of the Council of the European Union in 2022. However, the urgency of the international situation means that it cannot wait until then. As the first concrete step in the NEXUS project, the French defense procurement agency (DGA) has reached a 10-year framework agreement, valued at up to €1 billion in expenditure, with Eutelsat, covering the supply of priority-access space resources (notably capacity on Eutelsat's OneWeb LEO constellation), the hosting of ancillary missions for the French armed forces, and operational and security maintenance. The agreement also covers the upgrading and securing of the constellation for military grade use. Jean-Francois Fallacher, Chief Executive Officer of Eutelsat commented: 'We are honored at the prospect of supporting the French armed forces through this historic agreement, which underscores the crucial role of low earth orbit satellite capacity in responding to the requirements of contemporary operational theaters. Eutelsat today offers the only commercially operated LEO constellation capable of meeting stringent military standards ahead of the deployment of IRIS². It provides global coverage, low latency, rapid deployment, and adaptability to mobile use cases, attributes validated by successful large-scale experiments conducted with the French Armed Forces.' About Eutelsat Group Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 35 Geostationary satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. The Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group's unique suite of in-orbit assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,500 people across more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL). DISCLAIMER The forward-looking statements included herein are for illustrative purposes only and are based on management's views and assumptions as of the date of this document. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable law. The information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable.
Broadcast Pro
09-06-2025
- Business
- Broadcast Pro
Orange expands satellite connectivity with Eutelsat OneWeb deal
The new multi-year agreement builds on long-standing relationship between the two companies. Eutelsat Group and global telecom leader Orange have signed a new agreement that will see Orange enhance its low Earth orbit (LEO) satellite communications capabilities through access to Eutelsats OneWeb constellation. The move marks a strategic step by Orange to expand its satellite solutions portfolio, offering high-throughput, low-latency, and resilient connectivity for enterprise and government clients worldwide. This investment allows Orange to combine OneWebs extensive satellite coverage with its existing terrestrial networks, enabling seamless, secure and uninterrupted service even in remote or underserved areas. The partnership supports Oranges broader mission of digital inclusion by ensuring that businesses can access critical services regardless of geographic challenges, while also supporting global mobile backhauling. Cyril Dujardin, President of the Connectivity Business Unit at Eutelsat, said: 'Eutelsat is delighted to further reinforce its relationship with Orange and looks forward to supporting its ambitious project to provide premium, ubiquitous connectivity to its customers. LEO-enabled services are becoming an integral technology for global telco operators. We are delighted to have been selected by Orange to enhance its service to its enterprise customers.' Jean Louis Le Roux, EVP Orange International Networks, added: 'It is of strategic importance for Orange to invest in the unique LEO European solution that provides best in class, resilient, tailored and sovereign digital connectivity services to serve our customers wherever they are located. The partnership with Eutelsat for OneWeb services is of vital importance to support their digital transformation.' Orange and Eutelsat enjoy a long-standing partnership. Orange is the exclusive reseller of Konnect VHTS capacity for consumer broadband in France under an agreement dating back to 2020, while earlier this year Orange Middle East and Africa inked an agreement for capacity on the Eutelsat Konnect satellite to deliver satellite internet over its footprint.
Yahoo
05-06-2025
- Business
- Yahoo
Eutelsat and Orange Reinforce Partnership With New Multi-Year LEO Agreement
New multi-year agreement builds on long-standing relationship between the two companies Enhances access to the benefits of LEO satellite communications to Orange's enterprise and government customers and supports mobile backhauling to meet demand globally Further demonstrates the role of LEO connectivity as a complementary component of the global telecoms offer PARIS, June 05, 2025--(BUSINESS WIRE)--Regulatory News: Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) and Orange, one of the world's leading telecommunications operators and digital service providers, have signed an agreement enabling Orange to reinforce its position in low Earth orbit (LEO) satellite communications, leveraging Eutelsat's OneWeb constellation. Through this latest investment, Orange aims to strengthen its satellite solutions portfolio with LEO connectivity solutions providing high throughput, low latency, resilient and sovereign services to its enterprise and government customers wherever they are located and support mobile backhauling globally. By combining OneWeb's satellite coverage with its terrestrial networks, Orange will deliver seamless continuity of service and enhanced security as part of a digital inclusion approach for businesses allowing them to access critical services even in the most complex environments and underserved or remote areas of the globe. Cyril Dujardin, President of the Connectivity Business Unit at Eutelsat said, "Eutelsat is delighted to further reinforce its relationship with Orange and looks forward to supporting its ambitious project to provide premium, ubiquitous connectivity to its customers. LEO-enabled services are becoming an integral technology for global telco operators. We are delighted to have been selected by Orange to enhance its service to its enterprise customers." Jean Louis Le Roux, EVP Orange International Networks, said, "It is of strategic importance for Orange to invest in the unique LEO European solution that provides best in class, resilient, tailored and sovereign digital connectivity services to serve our customers wherever they are located. The partnership with Eutelsat for OneWeb services is of vital importance to support their digital transformation." Orange and Eutelsat enjoy a long-standing partnership. Orange is the exclusive reseller of KONNECT VHTS capacity for consumer broadband in France under an agreement dating back to 2020, while earlier this year Orange Middle East and Africa inked an agreement for capacity on the EUTELSAT KONNECT satellite to deliver satellite internet over its footprint. About Eutelsat Group Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 35 Geostationary satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. The Group addresses the needs of customers in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group's unique suite of in-orbit assets and ground infrastructure enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,500 people across more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL) Find out more at DISCLAIMER The forward-looking statements included herein are for illustrative purposes only and are based on management's views and assumptions as of the date of this document. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable law. The information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable. View source version on Contacts Media enquiries Joanna DarlingtonTel. +33 674 521 531jdarlington@ Anita BaltagiTel. +33 +33 643 930 178abaltagi@ Katie DowdTel. +1 202 271 2209kdowd@ Investors Joanna DarlingtonTel. +33 674 521 531jdarlington@ Hugo Laurens BergeTel. +33 670 80 95 58hlaurensberge@
