Eutelsat set to land on London stock market as it seals OneWeb merger By John-Paul Ford Rojas Updated: 22:12 BST, 28 September 2023 The new French owner of UK satellite firm OneWeb is set to list on Britain’s stock market as soon as today. Eutelsat, whose shares trade in Paris, […]
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TAMPA, Fla. — Eutelsat has combined its geostationary satellite business with OneWeb’s low Earth orbit (LEO) constellation after shareholders voted Sept. 28 in favor of the all-share deal. Getting approval from at least two-thirds of Eutelsat’s shareholders was the final step for a merger valuing OneWeb at $3.4 billion when […]
SAN DIEGO — Eutelsat has scheduled a shareholder vote Sept. 28 to get the final approval needed to take over OneWeb after clearing all regulatory hurdles for the multi-orbit merger. The French operator of geostationary satellites is expected to complete its all-share deal for the British low Earth orbit (LEO) […]
TAMPA, Fla. — Eutelsat expects to return to growth next year as its pivot to connectivity starts to bear fruit, the French satellite operator said July 28 after a waning video business helped annual sales decline for the seventh year in a row. Total revenues fell to 1.31 billion euros […]
TAMPA, Fla. — OneWeb launched a free trial offer for maritime customers June 6 after bringing its low Earth orbit (LEO) broadband network online over a larger swathe of the northern hemisphere. The British operator said its network is now fully operational down to 35 degrees latitude, encompassing much of […]
ST LOUIS – OneWeb announced six finalists May 22 for its annual Innovation Challenge. The finalists selected by the London-based broadband communications company are: KP Labs, a Polish startup that applies artificial intelligence for demanding space missions; LUTW, a Canadian nonprofit focused on off-grid solar energy projects; MAV Reality, a […]
TAMPA, Fla. — SpaceX launched a technology demonstration satellite for OneWeb’s second-generation broadband constellation May 20, along with spares for the British firm’s current low Earth orbit (LEO) network and another that U.S.-based Iridium Communications operates. A Falcon 9 rocket carrying a total 21 spacecraft lifted off 9:16 a.m. Eastern […]
TAMPA, Fla. — A shrinking broadcast business led to another drop in revenues for Eutelsat as the French satellite operator edges closer to merging with OneWeb, the low Earth orbit (LEO) constellation set to boost its shift into connectivity services. Eutelsat posted 272 million euros ($295 million) in total revenues […]