Eutelsat Group and Intelsat Ink Significant New Deal for Partnership on Eutelsat’s OneWeb Low Earth Orbit Constellation
19 Março 2024 - 6:30PM
Business Wire
- Strategic multi-year partnership valued at up to $500
million over duration, deepening long-standing cooperation between
the two companies.
- Enabling Intelsat to expand integration of LEO into its GEO
assets to deliver unparalleled customer solutions.
- Leveraging Intelsat’s extensive experience into the
build-out of the Next generation OneWeb constellation as one of its
major practitioners.
Regulatory News:
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London
Stock Exchange: ETL) announces that it has signed a major new
multi-year, multimillion-dollar agreement partnering with Intelsat
on its OneWeb Low Earth Orbit Constellation.
Commencing in mid-2024, the deal is valued at up to $500 million
over seven years, with a firm commitment of $250m, including the
$45m deal signed in March 20231, with options of a further $250
million by the end of the period. It will enable Intelsat to
combine OneWeb’s LEO Network with its GEO and terrestrial networks
to deliver comprehensive customer solutions supporting networks,
government, and mobility sectors.
Innovation and technological advancement and the opportunity to
incorporate Intelsat’s input into the build-out of the Next
generation OneWeb constellation as one of its major practitioners
will form key elements of the partnership. Such collaboration will
help to further enhance the OneWeb system as it evolves to support
complex, next-generation communication needs and offer robust and
reliable connectivity solutions that are second to none.
“Over the past couple of years, Intelsat has leveraged our
partnership with the Eutelsat Group to initiate our strategy of
enabling multi-orbit solutions in the commercial aviation and
government markets. Today’s announcement takes that partnership to
a new level, enhancing our ability to offer new, true multi-orbit
services and solutions across our portfolio of customers and
business segments,” said Dave Wajsgras, Chief Executive Officer of
Intelsat.
Eva Berneke, Chief Executive Officer of Eutelsat Group added:
“This expanded partnership with Intelsat represents a strong vote
of confidence in the capabilities of the OneWeb satellite
constellation, today and well into the future, as well as
showcasing the necessity in today’s world for major satellite
operators to be able to offer multi-orbit solutions to their
customers. We are also delighted to further deepen our
collaborative approach with Intelsat going forward, leveraging its
unparalleled experience in the key verticals of Aviation and
Government.”
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 Eutelsat and OneWeb in 2023,
becoming the first fully integrated GEO-LEO satellite operator with
a fleet of 35 geostationary (GEO) satellites and a Low Earth Orbit
(LEO) constellation of more than 600 satellites. The Group
addresses customers' needs 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 on-ground infrastructure enables it to
deliver integrated solutions to meet the needs of global customers.
The Company is headquartered in Paris and Eutelsat Group employs
more than 1,700 people from 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 www.eutelsat.com
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.
________________________________ 1 Multi-orbit agreement signed
in March 2023, integrating OneWeb services and Eutelsat’s
geostationary high-throughput capacity to support mobile
connectivity solutions over Europe, the Middle East, and the
Pacific.
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version on businesswire.com: https://www.businesswire.com/news/home/20240319096613/en/
Media enquiries Joanna Darlington +33 674 521 531
jdarlington@eutelsat.com
Anita Baltagi +33 643 930 178 abaltagi@eutelsat.com
Katie Dowd +1 202 271 2209 kdowd@oneweb.net
Investors Joanna Darlington +33 674 521 531
jdarlington@eutelsat.com
Hugo Laurens Berge +33 670 80 95 58
hlaurensberge@eutelsat.com
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