Overview
About
Leadership
Contracts
News
Services
Financial Summary
Future Launches/Services

Overview

Leadership

Contracts

News

Services

  • Eutelsat ADVANCE Government
  • Eutelsat Quantum
  • Eutelsat Welfare Solution

Financial Summary

EUTELSAT COMMUNIC. (ETL.PA) 2025-06-30$ 4.52B
Total Sales Revenue1,243,700,000 (🟢+30,700,000)
Gross Profit Margin80.56% (🔴-2.52 pp)
Operating Margin-73.10% (🔴-57.33 pp)
Net Profit Margin-86.99% (🔴-61.44 pp)
Earnings Per Share (EPS)-1.78 (🔴-1.20)
Price-to-Earnings Ratio (P/E)-1.24 (🔴+2.58)
Debt-to-Equity Ratio1.22 (🔴+0.34)
Current Ratio1.38 (🔴-0.35)
Free Cash Flow (FCE)-5,600,000 (🔴-48,000,000)
Return on Equity (ROE)-41.71% (🔴-33.66 pp)
ETL chart by TradingView
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EUTLF chart by TradingView

Financial Summary

EUTELSAT COMMUNIC. (ETL.PA) 2025-06-30$ 4.52B
Total Sales Revenue1,243,700,000 (🟢+30,700,000)
Gross Profit Margin80.56% (🔴-2.52 pp)
Operating Margin-73.10% (🔴-57.33 pp)
Net Profit Margin-86.99% (🔴-61.44 pp)
Earnings Per Share (EPS)-1.78 (🔴-1.20)
Price-to-Earnings Ratio (P/E)-1.24 (🔴+2.58)
Debt-to-Equity Ratio1.22 (🔴+0.34)
Current Ratio1.38 (🔴-0.35)
Free Cash Flow (FCE)-5,600,000 (🔴-48,000,000)
Return on Equity (ROE)-41.71% (🔴-33.66 pp)
EUTLF chart by TradingView

Future Launches/Services

Future Launches/Service Articles

Spain's Indra Space, now owner of Hispasat and Hisdesat, positions itself to be Tier-1 European space company
India's LVM3 rocket's 9th consecutive success, & 2nd launch in 52 days, places AST SpaceMobile BlueBird 6 into 520-km orbit

Scheduled Launches

No launches currently scheduled
Slick Sheet

About

Eutelsat Group (formed through the merger of Eutelsat Communications and OneWeb in 2023) is a global satellite operator headquartered in Paris, France, that combines Eutelsat’s long-standing geostationary (GEO) satellite fleet with OneWeb’s rapidly expanding low Earth orbit (LEO) constellation. This GEO + LEO integration positions the company as a hybrid, multi-orbit provider capable of offering both wide-area broadcast services and low-latency broadband connectivity. Eutelsat has decades of experience in broadcasting, video distribution, and data connectivity for governments, enterprises, and telecom operators, while OneWeb brings a network of over 600 LEO satellites designed to deliver high-speed, low-latency internet access to underserved regions, mobility markets, and enterprise customers. Together, the merged entity aims to serve global broadband, government, aviation, maritime, and enterprise markets, competing directly with players like SpaceX’s Starlink, Amazon’s Project Kuiper, SES, and Viasat. With its combined infrastructure and spectrum assets, Eutelsat Group is positioning itself as a key global competitor in the rapidly evolving satellite communications industry.

Leadership

‍‍Jean-Hubert Lenotte - Chief Strategy and Resources Officer
X
Jean-Francois Fallacher
Position: Chief Executive Officer
Linkedin: https://www.linkedin.com/in/fallacher/
Work History:
Eutelsat

Chief Executive Officer (Jun 2025 - Present)

Orange

Chief Executive Officer of Orange France (Apr 2023 - Jul 2025)
President of Orange Espana (Sep 2023 - Apr 2024)
Chief Executive Officer of Orange Espana (Sep 2020 - Apr 2023)
Chief Executive Officer of Orange Polska (May 2016 - Aug 2020)
Chief Executive Officer of Orange Romania (Jun 2011 - Apr 2016)

MASORANGE

President of the Board of Directors (Apr 2024 - May 2025)

Sofrecom

Chief Executive Officer (Feb 2006 - Jun 2011)

Wanadoo NL

Chief Operations Officer (Jan 2001 - Feb 2006)

EuroNet Internet BV

Marketing Manager B2B (Jul 1999 - Jan 2001)

France Telecom

Account Director (Jul 1995 - Jun 1999)

Education: 
École Polytechnique

From 1987 - 1990

Télécom Paris

From 1990 - 1992

ESSEC Business School

International Baccalaureate Diploma Programme in International Business Development Program (1999 - 1999)

X
Anne Carron
Position: Chief Human Resources Officer and General Counsel
Linkedin: https://www.linkedin.com/in/anne-carron/
Work History:
Eutelsat

Chief Human Resources Officer and General Counsel

AIPA

Director (2018 - N/a)

Carrefour

Group Human Resources Director (2014 - 2018)
International and Mergers & Aquisitions Legal Director (2007 - 2014)

Linklaters

M&A and Corprate Lawyer (1999 - 2007)

Education: 
Massachusetts Institute of Technology Sloan School of Management

Certificate in Artifitial Intelligence

ESSEC Business School

Masters of Business Administration

INSEAD

Certified Director - IDP-C

Paris Bar

Avocat

X
Christophe Caudrelier
Position: Chief Financial Officer
Linkedin: https://www.linkedin.com/in/christophe-caudrelier-0738972/
Work History:
Eutelsat

Chief Financial Officer (Dec 2022 - Present)

Tikehau Capital

Finance Operating Partner (Sep 2021 - Dec 2022)

Groupe Beneteau

Directeur General Delegue (Jun 2015 - Sep 2020)

DCNS (THALES Group)

Senior Vice President & Chief Financial Officer (Oct 2011 - Jun 2015)

Valeo

Directeur Financier Pole et Branche (Oct 2004 - Oct 2011)
Controleur Financier Division (Apr 1994 - Sep 2004)

Arthur ANDERSEN

Auditeur (Dec 1991 - May 1994)

Education: 
ESCP Business School

From 1987 -1990

CEDEP - Executive Development - Fontainebleau

From 1997 - 1998

X
Joanna Darlington
Position: Chief Communications and Investor Relations Officer
Linkedin: https://www.linkedin.com/in/joanna-darlington-3459075/
Work History:  
Eutelsat

Chief Communications Officer and Executive Committee Member (Jan 2024 - Present)
Chief Communications Officer (Jun 2018 - May 2022)
Head of Investor Relations (Sep 2014 - May 2018)

ATEME

Board Member (Sep 2015 - Present)

FGS Global

Partner and Capital Markets Advisory (May 2022 - Jan 2024)

KPMG

Partner (2005 - 2014)

BNP Paribas

Head of Equity Research (1996 - 2005)

ABN AMRO UK

Head of European Equity Research (1991 - 1996)

Education: 
University of Cambridge

Master's of Arts in History

X
Cyril Dujardin
Position: President of Connectivity Business Unit
Linkedin: https://www.linkedin.com/in/cyrildujardin/

Work History:
Eutelsat

President of Connectivity Business Unit (Oct 2022 - Present)

Atos

Senior Vice President & Deputy Head of Big Data & Security Division (Mar 2022 - Oct 2022)
Senior Vice President & Head of Digital Security (Jan 2021 - Oct 2022)
Senior Vice President & Head of Mission Critical Systems Business Line (Jan 2016 - Jan 2021)
Vice President of Critical Products BU (Jul 2015 - Dec 2015)

Morpho Detection International

Chief Executive Officer (Feb 2013 - Jun 2015)
Vice President of International Sales (Sep 2011 - Feb 2013)

Morpho

Managing Director of Morpho Australasia (Ape 2008 - Aug 2011)
Program Director (May 2006 - 2008)
Product Manager (Jun 2004 - Jun 2006)

OpenTrust (Certplus)

Vice President of Marketing (2000 - 2004)

Education: 
École Polytechnique

From 1995 - 1998

École nationale des ponts et chaussées

From 1998 - 2000

Lycée Sainte-Geneviève

From 1993 - 1995

IMD Lausanne

Corporate Training in Safran Top Executive Program (2011 - 2012)

Institut des hautes études de défense nationale (IHEDN)

Auditor in 70th Sessuib Defense Policy (2017 - 2018)

X
Aymeric Genty
Position: President of the Video Business
Linkedin: https://www.linkedin.com/in/aymeric-genty-0586394/
Work History:
‍
Eutelsat

President of Video Business Unit (Mar 2025 - President)
Regional Vice President of Sales Europe - Video BU (Jan 2023 - Mar 2025)
Regional Vice President of Sales - Western & Northern Europe (Jul 2019 - Dec 2022)
Senior Vice President of Core Video Services (2016 - Jun 2019)
Vice President of Sales - France and French Speaking markets (2008 - 2014)

Eutelsat Americas

Chief Executive Officer of Alterna TV International (2014 - 2016)

FRANCE24

Distribution and Marketing Director & Member of Executive Committee (2005 - 2007)

EUROSPORT

Director of Asia-Pacific (2001 - 2004)
TF1 Director of TF1 Consulting (1994 - 2001)

Education: 
ESCP

From 1988 - 1992

X
Arlen Kassighian
Position: Chief Engineering Officer
Linkedin: https://www.linkedin.com/in/arlen-kassighian-b6bbaa12b/?originalSubdomain=fr
Work History:
Eutelsat

Chief Engineering Officer (Jul 2023 - Present)
Director of Satellites Engineering and Operations (Jan 2020 - Jul 2023)
Director of United States Satellite Programs (Feb 2014 - Jan 2020)
Satellite Programs Management (Apr 2001 - Jan 2014)

ALCATEL SPACE (AEROSPATIALE)

Meteosat Second Generation Imaging Systems Engineer (1993 - 2001)

Education: 
Grenoble INP - Phelma

Ingénierie Laser et Optique & Microelectronique (1990 - 1993)

X
Mariam Kaynia
Position: Chief Data and Information Officer
Linkedin: https://www.linkedin.com/in/mariam-kaynia-163b232/
Work History:
Eutelsat

Chief Data and Information Officer & Member of Executive Committee (Nov 2024 - Present)

6G-RIC Research and Innovation Cluster

Advisory Board Member (Sep 2022 - Present)

Telefonica

Vice President & Director of Massmarket (Nov 2022 - Oct 2024)
Vice President & Director of Architecture, Strategy and Analytics (Aug 2020 - Nov 2022)
Vice President & Director of Architecture, Innovation and Transformation (Feb 2019 - Jul 2020)

Blueplanet

Advisory Board Member (Sep 2021 - Oct 2023)

NTNU Alumni Germany

Chair of the Board (Jan 2018 - Sec 2021)

McKinsey & Company

Associate Partner (Sep 2010 - Jan 2019)

Ministry of Transport and Communications

Advisory Board (Expert Committee) (2018 - 2019)

Wireless Trodheim

Management Board Member (2017 - 2019)

European Commission

Expert reviewer (2015 - 2017)

Standford & Eurecom

Researcher and Lecturer (2007 - 2010)

Education: 
Standford University

Doctor of Philosophy in Wireless Communication (2007 - 2010)

Norwegian University of Science and Technology (NTNU)

Doctor of Philosophy in Wireless Communication (2007 - 2010)
Master's of Science in Electrical Engineering (2002 - 2007)

University of Minnesota

Master's of Science in Electrical Engineering (2005 - 2007)

X
Jean-Hubert Lenotte
Position: Chief Strategy and Resources Officer
Linkedin: https://www.linkedin.com/in/lenotte-jean-hubert-2b13096/
Work History:
Eutelsat

Chief Strategy and Resources Officer (Jun 2019 - Present)
Director of Strategy (Sep 2013 - Jun 2019)

McKinsey & Company

Partner (Oct 1997 - Aug 2013)

Bouygues Telecom

Head of Pricing (Apr 1995 - Sep 1997)
Project Manager (Oct 1994 - Mar 1995)

Bouygues

Conducteur de Travaux and Controller (Sep 1992 - Sep 1994)

Education: 
Sciences Po

Master of Science in Economics (1990 - 1992)

École Polytechnique

Master of Science in Science, and Mathematics (1988 - 1990)

X
Fabio Mando
Position: Chief Operations Officer
Linkedin: https://www.linkedin.com/in/fabiomando/
Work History:
Eutelsat

Chief Operations Officer (Nov 2024 - Present)

Millicom (Tigo)

Chief Technology Officer (Jun 2023 - Aug 2024)
Interim Chief Executive Officer of Lati (Jun 2022 - Aug 2024)
Vice President of Infrastructure and Technology Strategy (Oct 2012 - May 2023)
Program Manager - Network Rollout (Jul 2008 - Sep 2008)
Project Director of Network Planning and Rollout (Nov 2007 - Jun 2008)
Project Manager of Network Optimization (Aug 2007 - Oct 2007)
Head of Network Operations (May 2006 - Oct 2006)
Chief Technical Officer (Jan 2006 - May 2006)

Edotco Group

Board Director (May 2012 - Oct 2012)

Axiata

Vice President of Group Technology - CTIO, Cambodia (Aug 2011 - Sep 2012)

Vimpelcom

Senior Advisor to Group Chief Technology Officer (May 2011 - Jul 2011)

Digicel Group

Group CTIO - Pacific (Aug 2010 - Apr 2011)

CamGSM Company Limited

Chief Technology Officer (Mar 2009 - Jul 2010)

Reliance WiMAX World

Engineering Director - Asia Pacific (Oct 2008 - Feb 2009)

Cybercom Group

Regional Practice Director (Dec 2005 - Oct 2008)

CMPak

Regional Chief Technology Officer (Oct 2006 - Apr 2007)

Sonus Networks

Technical Manager (Feb 2005 - Dec 2005)

Vallent

Senior Solution Architect (Jan 2003 - Feb 2005)

blu

Program Manager of Mobile Network Rollout (Sep 2000 - Dec 2002)

ADC

Product Manager (Mar 1999 - May 2000)

Education: 
Universitá Degli Studi di Padova

Laurea / Master of Science in Physics (1988 - 1994)

Fermi National Accelerator Laboratory, Batavia, IL

Post-Graduate in Physics (1993 - 1994)

Contracts

Eutelsat signs 10-year € 1B contract with French DGA
The Neo-Espace pour de multiple Usages Securises) program from the French Ministry of Defense, that is seeking to reinforce the French military space communications model by putting the military and civilian resources together. Eutelsat will be covering the supply of priority-access space resources like the Eutelsat's OneWeb LEO constellation, hosting ancillary missions for the French armed forces, and operational and security maintenance. This contract will also cover upgrading and securing the constellation for military grade use.

U.S. government does not renew contract
Eutelsat had a renewal rate with the U.S. DoD of less than 50% that was previously 70%. A single sizable contract with the U.S. government was not renewed. The U.S. government is usually 50-60% of Eutelsats government business but other governments are growing interest with Eutelsat OneWeb. Eutelsat has continue to grow LEO connectiviry solutions but has found challenges in GEO consumer broadband in Europe.

italian government seeking communications contract with Eutelsat or starlink
the Italian government is seeking companies that can guarantee encrypted communications between the government, diplomats, and defense officials operating in risky areas. Among these companies are Eutelsat OneWeb and SpaceX starlink.
‍

Contract Articles

Eutelsat signs multi-launch contract with startup MaiaSpace for OneWeb launches starting in 2027

Eutelsat signs multi-launch contract with startup MaiaSpace for OneWeb launches starting in 2027

  • Eutelsat contracted MaiaSpace for multiple launches of OneWeb satellites starting in 2027, targeting a 1,200-km orbit.
  • Eutelsat ordered 440 OneWeb Gen 1 replacement satellites from Airbus, with first batches ready by late 2026.
  • MaiaSpace's two-stage rocket can launch 1,500 kg to low-Earth orbit, or 4,000 kg with a kick stage.
France's Macron urges faster military space development; CNES faces budget challenge; BalMan HAPS flight ends in explosion

France's Macron urges faster military space development; CNES faces budget challenge; BalMan HAPS flight ends in explosion

  • JEWEL program includes 1-2 geostationary satellites from France and Germany, launching around 2030.
  • Iris2 multi-orbit constellation to start launches in 2030, utilizing military-Ka-band spectrum.
  • Yoda demonstrators face delays; potential launch in 2028 due to Ariane 6 availability issues.
Eutelsat continues $2.56-billion OneWeb refurbishment with 340-satellite order to Airbus; first launches in 2026

Eutelsat continues $2.56-billion OneWeb refurbishment with 340-satellite order to Airbus; first launches in 2026

  • Eutelsat ordered 340 OneWeb Gen 1 satellites from Airbus, with launches starting in 2026 to replace older spacecraft.
  • OneWeb's constellation consists of approximately 640 satellites operating at 1,200 kilometers altitude, with 44 gateway stations expected operational by 2026.
  • Eutelsat's ground network sale-and-leaseback agreement involves 1,400 antennas across 100+ locations, with expected proceeds of 500 million euros.
Eutelsat sees 29% revenue jump by 2029 with 60% EBITDA, but only after a bond issue, refinanced bank debt & an ECA package

Eutelsat sees 29% revenue jump by 2029 with 60% EBITDA, but only after a bond issue, refinanced bank debt & an ECA package

  • Eutelsat plans to grow revenue to 1.6 billion euros by 2029, driven by OneWeb LEO constellation demand.
  • Eutelsat has 100 OneWeb Gen 1 replacements on order with Airbus Defence and Space, with 340 more to follow.
  • Iris2 multi-orbit constellation investment estimated at 2 billion euros, with detailed plans submitted to the European Commission.
Here's how the French government explains its decision to become Eutelsat's largest shareholder

Here's how the French government explains its decision to become Eutelsat's largest shareholder

  • Eutelsat's OneWeb constellation consists of 640 satellites, with 44 gateway Earth stations expected to be completed by end of 2026.
  • French Defense Ministry signed a 10-year, 1-billion-euro contract for OneWeb capacity and military modifications to the constellation.
  • Eutelsat plans to refresh its OneWeb system with 340 additional satellites, estimating total capex at 4.2 billion euros.
Astroscale reports higher revenue, reduced operating loss, restates faith in commercial satellite life extension

Astroscale reports higher revenue, reduced operating loss, restates faith in commercial satellite life extension

  • Astroscale sold over 400 docking plates in FY 2026, including 100 to Airbus for OneWeb satellite refresh.
  • A debris-removal mission for an aging OneWeb satellite is scheduled for FY 2028 under ESA contract.
  • Astroscale's Lexi-P contract for GEO life-extension services remains under negotiation with an unnamed commercial operator.
ESA: We'll start work on EU Commission military/security constellation in January, before receiving EU specifications

ESA: We'll start work on EU Commission military/security constellation in January, before receiving EU specifications

  • ESA plans to begin work on the EOGS constellation in January 2024, with initial contracts prepared by early 2025.
  • ERS EO Element 1 Phase 1 received 166.63 million euros for early EOGS work, with a total program budget of 1.1 billion euros.
  • The EOGS constellation aims for deployment starting in 2028, funded by the European Commission's proposed 131 billion euros defense budget.
Nur-Sultan pilgrimage: SES, OneWeb look to Kazakhstan to anchor their NGSO constellation businesses in Central Asia

Nur-Sultan pilgrimage: SES, OneWeb look to Kazakhstan to anchor their NGSO constellation businesses in Central Asia

  • OneWeb plans to establish a gateway Earth station in Kazakhstan to cover 2.7 million square kilometers of Central Asia.
  • SES's O3b mPower constellation consists of 11 high-throughput satellites, launching on SpaceX Falcon 9 starting Q3 2021.
  • KazSat system includes KazSat 2 and KazSat 3 satellites, with a focus on NGSO partnerships for future communications.
Eutelsat raises $960M in equity, 1st of 3 transactions to cut debt & position for ECA funding for OneWeb, Iris2 constellations

Eutelsat raises $960M in equity, 1st of 3 transactions to cut debt & position for ECA funding for OneWeb, Iris2 constellations

  • Eutelsat to sell 1,400 antennas across 100 sites to EQT, closing in Q1 2026.
  • Iris2 constellation will consist of 264 satellites in a 1,200-kilometer orbit.
  • Eutelsat's OneWeb replenishment satellites contract with Airbus includes 100 satellites, deliveries starting late 2026.
German space security strategy: Priority is NATO, US, EU cooperation. Early proof is due Nov. 26-27 at ESA

German space security strategy: Priority is NATO, US, EU cooperation. Early proof is due Nov. 26-27 at ESA

  • Germany plans to spend 35 billion euros on space security from 2026 to 2030, focusing on NATO and EU cooperation.
  • ESA seeks 600 million euros for the Iris2 multi-orbit secure communications constellation, with Germany's OHB SE involved in satellite bus construction.
  • Germany ordered two SatComtBw3 GEO satellites from Airbus for 2.1 billion euros, enhancing military telecommunications capabilities.
EU Defence & Space Commissioner: GovSatCom to deploy this year, Ukraine invited to join it and Iris2

EU Defence & Space Commissioner: GovSatCom to deploy this year, Ukraine invited to join it and Iris2

  • GovSatCom to deploy by end of 2023, enabling EU member states to share military-grade communication in geostationary orbit.
  • Iris2 constellation scheduled for operational status in 2030, with a projected capital cost of 11 billion euros.
  • Contract signed in December 2024 with SpaceRise consortium, including SES, Eutelsat, and Hispasat, for Iris2 development.
Eutelsat: LEO/OneWeb on track for 50% growth this fiscal year; $1.75-billion capital raise should close by December

Eutelsat: LEO/OneWeb on track for 50% growth this fiscal year; $1.75-billion capital raise should close by December

  • Eutelsat's OneWeb LEO constellation aims for 50% revenue growth by June 2026, currently accounting for over one-third of connectivity revenue.
  • Eutelsat signed a 10-year, 1-billion-euro contract with the French Defense Ministry for OneWeb capacity and military payload modifications.
  • Iris2 will consist of 264 satellites in 1,200-km orbit, with technical details expected by early 2024 and significant investment planned.
Airbus, Thales, Leonardo sign MoU to merge their space divisions, promise ~ $500M in annual synergies

Airbus, Thales, Leonardo sign MoU to merge their space divisions, promise ~ $500M in annual synergies

  • Merger expected to generate €500M in annual synergies within five years, pending regulatory approvals starting in 2027.
  • Merged entity will include Thales Alenia Space, Telespazio, and Leonardo's space division, with 25,000 employees.
  • Iris2 project contracts scheduled for signing by early 2026, primarily involving Airbus and Thales.
Thales on space merger with Airbus, Leonardo: projected operations in 2028, R&D synergies, substantial revenue growth

Thales on space merger with Airbus, Leonardo: projected operations in 2028, R&D synergies, substantial revenue growth

  • Merger of Thales, Airbus, and Leonardo's space divisions expected in mid-2027, with operations starting in 2028.
  • Thales Alenia Space secured contracts for two geostationary satellites, Thor 8 and JSat-32, each worth over 100 million euros.
  • Thales won a 200-million-euro contract for payload engineering development for the Iris2 multi-orbit connectivity project.
Italian Space Agency (ASI) chief: 'We have concerns' about the Iris2 secure connectivity constellation's private financing

Italian Space Agency (ASI) chief: 'We have concerns' about the Iris2 secure connectivity constellation's private financing

  • Iris2 aims for full service by 2030-31, managed as a public-private partnership with a 12-year concession.
  • ESA invested 550 million euros in 2023 for Iris2 development, seeking an additional 600 million euros over three years.
  • Italy's Iride program includes six constellations, with two operational by mid-2026, enhancing Earth observation capabilities.
MDA Space CEO on D2D market since EchoStar's spectrum sale to SpaceX, and how MDA could help Europe's Iris2 constellation

MDA Space CEO on D2D market since EchoStar's spectrum sale to SpaceX, and how MDA could help Europe's Iris2 constellation

  • MDA's Aurora satellites for Telesat Lightspeed and Globalstar/Apple D2D will begin production in 2026, aiming for two satellites daily.
  • Iris2 constellation seeks €600 million for secure communications, targeting operational status by 2030, with Telesat Lightspeed supporting interoperability.
  • MDA's contract for 17 Globalstar satellites, signed in 2022, is on schedule for delivery in late 2025 to early 2026.
Anywaves, Kongsberg NanoAvionics on accessing the US market despite tariff headwinds

Anywaves, Kongsberg NanoAvionics on accessing the US market despite tariff headwinds

  • Anywaves plans to ship antennas to the US for integration onto satellites, absorbing a 15% tariff on imports.
  • Kongsberg NanoAvionics will build 280 small broadband satellite platforms for SpinLaunch's Meridian Space constellation, valued at €122.5 million.
  • An in-orbit demonstration of NanoAvionics' MP42 microsatellite platform is scheduled for launch in 2026.
Nur-Sultan pilgrimage: SES, OneWeb look to Kazakhstan to anchor their NGSO constellation businesses in Central Asia

Nur-Sultan pilgrimage: SES, OneWeb look to Kazakhstan to anchor their NGSO constellation businesses in Central Asia

  • OneWeb plans to build a gateway Earth station in Kazakhstan to cover 2.7 million square kilometers of Central Asia.
  • SES's 11 O3b mPower satellites are scheduled for launch on SpaceX Falcon 9 rockets starting Q3 2021.
  • KazSat national satellite system includes KazSat 2 and KazSat 3, launched in 2011 and 2014, respectively.
Maritime connectivity provider KVH: Our Q2 Starlink, OneWeb revenue surpassed decline in heritage GEO VSAT business

Maritime connectivity provider KVH: Our Q2 Starlink, OneWeb revenue surpassed decline in heritage GEO VSAT business

  • KVH authorized Starlink hardware reseller in September 2023, purchasing $17 million in bulk capacity for flexible airtime plans.
  • KVH uses 182 Ku-band transponders on 31 satellites, primarily from SES and Sky Perfect JSat, for GEO services.
  • LEO services accounted for over 30% of KVH's airtime sales in Q2 2023, up from less than 10% a year prior.

Recent News

mkdir Eutelsat-news-api cd Eutelsat-news-api npm init -y npm install express axios const express = require('express'); const axios = require('axios'); const app = express(); const PORT = process.env.PORT || 3000; const NEWS_API_KEY = 'your_newsapi_key_here'; // 🔐 Replace with your NewsAPI key app.get('/Eutelsat-news', async (req, res) => { try { const url = `https://newsapi.org/v2/everything?q=Eutelsat+OR+OneWeb&language=en&sortBy=publishedAt&pageSize=5&apiKey=${NEWS_API_KEY}`; const response = await axios.get(url); const articles = response.data.articles; let html = `

Latest EutelSat/OneWeb News

    `; for (const article of articles) { html += `
  • ${article.title}
    ${article.source.name} – ${article.publishedAt.slice(0, 10)}

    ${article.description || ''}

    • `; } html += `
`; res.send(html); } catch (err) { console.error(err.message); res.status(500).send('

Error fetching news articles

'); } }); app.listen(PORT, () => { console.log(`Server running at http://localhost:${PORT}/EutelSat-news`); }); // test with https://newsapi.org once published
Arianespace: 7-8 Ariane 6 missions in 2026, including 2-3 Amazon Leo launches starting in February
Arianespace: 7-8 Ariane 6 missions in 2026, including 2-3 Amazon Leo launches starting in February
January 23, 2026
  • Arianespace plans 7-8 Ariane 6 flights in 2026, including 2-3 Amazon Leo launches using the Ariane 64 variant.
  • Arianespace is under contract for 18 Ariane 6 launches for Amazon Leo, with the first on February 12, 2026.
  • Iris2 constellation requires 10-15 Ariane 6 launches, with potential slots reserved for 2029 launches.
Eutelsat signs multi-launch contract with startup MaiaSpace for OneWeb launches starting in 2027
Eutelsat signs multi-launch contract with startup MaiaSpace for OneWeb launches starting in 2027
January 23, 2026
  • Eutelsat contracted MaiaSpace for multiple launches of OneWeb satellites starting in 2027, targeting a 1,200-km orbit.
  • Eutelsat ordered 440 OneWeb Gen 1 replacement satellites from Airbus, with first batches ready by late 2026.
  • MaiaSpace's two-stage rocket can launch 1,500 kg to low-Earth orbit, or 4,000 kg with a kick stage.
France's Macron urges faster military space development; CNES faces budget challenge; BalMan HAPS flight ends in explosion
France's Macron urges faster military space development; CNES faces budget challenge; BalMan HAPS flight ends in explosion
January 23, 2026
  • JEWEL program includes 1-2 geostationary satellites from France and Germany, launching around 2030.
  • Iris2 multi-orbit constellation to start launches in 2030, utilizing military-Ka-band spectrum.
  • Yoda demonstrators face delays; potential launch in 2028 due to Ariane 6 availability issues.
It took Uganda just 24 hours to switch off illegal Starlink terminals; In Iran, 2+ years of effort have come to nothing
It took Uganda just 24 hours to switch off illegal Starlink terminals; In Iran, 2+ years of effort have come to nothing
January 13, 2026
  • Starlink disabled all terminals in Uganda within 24 hours of UCC's notification on January 1, 2026.
  • Iran's efforts to disable Starlink terminals have spanned over two years with no success.
  • Starlink has previously disabled over 2,500 terminals operating illegally in various regions.
Eutelsat continues $2.56-billion OneWeb refurbishment with 340-satellite order to Airbus; first launches in 2026
Eutelsat continues $2.56-billion OneWeb refurbishment with 340-satellite order to Airbus; first launches in 2026
January 13, 2026
  • Eutelsat ordered 340 OneWeb Gen 1 satellites from Airbus, with launches starting in 2026 to replace older spacecraft.
  • OneWeb's constellation consists of approximately 640 satellites operating at 1,200 kilometers altitude, with 44 gateway stations expected operational by 2026.
  • Eutelsat's ground network sale-and-leaseback agreement involves 1,400 antennas across 100+ locations, with expected proceeds of 500 million euros.
Eutelsat sees 29% revenue jump by 2029 with 60% EBITDA, but only after a bond issue, refinanced bank debt & an ECA package
Eutelsat sees 29% revenue jump by 2029 with 60% EBITDA, but only after a bond issue, refinanced bank debt & an ECA package
January 2, 2026
  • Eutelsat plans to grow revenue to 1.6 billion euros by 2029, driven by OneWeb LEO constellation demand.
  • Eutelsat has 100 OneWeb Gen 1 replacements on order with Airbus Defence and Space, with 340 more to follow.
  • Iris2 multi-orbit constellation investment estimated at 2 billion euros, with detailed plans submitted to the European Commission.
Eutelsat CEO on German Iris2 duplicate, GEO for Ukraine, Elon Musk as OneWeb's 'best thing,' & the future need for Falcon 9
Eutelsat CEO on German Iris2 duplicate, GEO for Ukraine, Elon Musk as OneWeb's 'best thing,' & the future need for Falcon 9
January 2, 2026
  • Eutelsat's Konnect VHTS satellite provides 500 Gbps capacity in GEO at 2.7 degrees east for Ukraine's broadband needs.
  • Eutelsat requires 44 gateway Earth stations for OneWeb global coverage, with three stations operational by late 2026 in Senegal, Tanzania, and Marshall Islands.
  • Eutelsat's 10-year, billion-euro contract with the French Defense Ministry includes OneWeb capacity, influencing other European defense agencies.
FCC still worried about EU Space Act's anti-competitive effects, but hopeful that dialogue will reach consensus
FCC still worried about EU Space Act's anti-competitive effects, but hopeful that dialogue will reach consensus
January 2, 2026
  • Iris2 is a multi-orbit secure connectivity network with a 12-year concession involving Eutelsat, SES, and Hispasat.
  • The EU Space Act could be adopted in 2027 and take effect in 2030, impacting global space operations.
  • The European Commission and ESA will invest 7 billion euros into Iris2, while SpaceRise members finance 4 billion euros.
Amazon Leo on how it'll work with AWS, says 2026 deployments with 'bigger, badder rockets' to assure 2026 service start
Amazon Leo on how it'll work with AWS, says 2026 deployments with 'bigger, badder rockets' to assure 2026 service start
January 2, 2026
  • Amazon Leo plans to deploy 1,436 satellites by July 31, 2026, as part of a 2,232-satellite constellation.
  • Amazon Leo will utilize Ariane 64, New Glenn, and Vulcan Centaur rockets for increased launch cadence in 2026.
  • The network will feature 300 gateway Earth stations, primarily near AWS facilities, to reduce latency to approximately 10 milliseconds.
Spain's Indra Space, now owner of Hispasat and Hisdesat, positions itself to be Tier-1 European space company
Spain's Indra Space, now owner of Hispasat and Hisdesat, positions itself to be Tier-1 European space company
January 2, 2026
  • Indra acquired Hispasat and Hisdesat for 725 million euros, aiming for 1 billion euros revenue by 2030.
  • Hispasat participates in the 11-billion-euro Iris2 multi-orbit secure communications network, focusing on low-LEO technology.
  • Startical project plans a 288-satellite constellation for air traffic management, with two demonstration satellites launched in 2025.

Services

Eutelsat ADVANCE Government
This service provides end-to-end managed connectivity service, it enables partners to enhance and expand their service portfolio through Eutelsat's global reach, network capabilities and 24/7 support. this service includes satellite, terrestrial connectivity, management portal and APIs for partners and clients. The services GEO satellite constellation makes sure bandwidth, resiliency, and reliability for business applications. The services LEO satellite constellation provides speed through low-latency and high-performance solutions. The services network tools allow application use prioritization and throttling to boost business critical application performance at an affordable rate that scales with demand. The services APIs allow customers to connet to their IT systems to the EutelSat ADVANCE network. This service allows for service providers to have full control to design and activate services through advanced network management and monitoring tools. a 24/7 customer support service.

Eutelsat Quantum
Eutelsat's universal satellite that can repeatedly adjust to business requirements. EUTELSAT QUANTUM offers extensive coverage of the MENA region. This service provides communication on the move with a dynamic beam shaping and vessel-tracking ability that can be optimized for power and throughput as required by maritime, aeronautical and land-based transportation. This service provides a wide-area networks and dynamic traffic shaping, responding to customer demands for wherever and whenever it is needed. Uses the latest encryption technology for rapid response public protection and disaster recovery.

Eutelsat Welfare Solution
This service provides unprecedented connectivity and broadcast abilities for sea vessels. This service also provides optimized data and video delivery for welfare of remote operators and crew.

Financial Summary

TTM
2025
2024
2023
2022
EUTELSAT COMMUNIC. (ETL.PA) 2025-06-30$ 4.52B
Total Sales Revenue1,243,700,000 (🟢+30,700,000)
Gross Profit Margin80.56% (🔴-2.52 pp)
Operating Margin-73.10% (🔴-57.33 pp)
Net Profit Margin-86.99% (🔴-61.44 pp)
Earnings Per Share (EPS)-1.78 (🔴-1.20)
Price-to-Earnings Ratio (P/E)-1.24 (🔴+2.58)
Debt-to-Equity Ratio1.22 (🔴+0.34)
Current Ratio1.38 (🔴-0.35)
Free Cash Flow (FCE)-5,600,000 (🔴-48,000,000)
Return on Equity (ROE)-41.71% (🔴-33.66 pp)
EUTELSAT COMMUNIC. (ETL.PA) 2025-06-30$ 4.52B
Total Sales Revenue1,243,700,000 (🟢+30,700,000)
Gross Profit Margin80.56% (🔴-2.52 pp)
Operating Margin-73.10% (🔴-57.33 pp)
Net Profit Margin-86.99% (🔴-61.44 pp)
Earnings Per Share (EPS)-1.78 (🔴-1.20)
Price-to-Earnings Ratio (P/E)-1.24 (🔴+2.58)
Debt-to-Equity Ratio1.22 (🔴+0.34)
Current Ratio1.38 (🔴-0.35)
Free Cash Flow (FCE)-5,600,000 (🔴-48,000,000)
Return on Equity (ROE)-41.71% (🔴-33.66 pp)
EUTELSAT COMMUNIC. (ETL.PA) 2025-06-30$ 4.52B
Total Sales Revenue1,243,700,000
Gross Profit Margin80.56%
Operating Margin-73.10%
Net Profit Margin-86.99%
Earnings Per Share (EPS)-1.78
Price-to-Earnings Ratio (P/E)-1.24
Debt-to-Equity Ratio1.22
Current Ratio1.38
Free Cash Flow (FCE)-5,600,000
Return on Equity (ROE)-41.71%
EUTELSAT COMMUNIC. (ETL.PA) 2024-06-30$ 4.52B
Total Sales Revenue1,213,000,000
Gross Profit Margin83.08%
Operating Margin-15.78%
Net Profit Margin-25.55%
Earnings Per Share (EPS)-0.58
Price-to-Earnings Ratio (P/E)-3.81
Debt-to-Equity Ratio0.88
Current Ratio1.73
Free Cash Flow (FCE)42,400,000
Return on Equity (ROE)-8.05%
EUTELSAT COMMUNIC. (ETL.PA) 2023-06-30$ 4.52B
Total Sales Revenue1,131,300,000
Gross Profit Margin90.87%
Operating Margin50.67%
Net Profit Margin27.84%
Earnings Per Share (EPS)0.99
Price-to-Earnings Ratio (P/E)2.23
Debt-to-Equity Ratio1.10
Current Ratio1.66
Free Cash Flow (FCE)533,900,000
Return on Equity (ROE)10.58%
EUTELSAT COMMUNIC. (ETL.PA) 2022-06-30$ 4.52B
Total Sales Revenue1,151,700,000
Gross Profit Margin91.91%
Operating Margin36.89%
Net Profit Margin20.04%
Earnings Per Share (EPS)0.78
Price-to-Earnings Ratio (P/E)2.82
Debt-to-Equity Ratio1.25
Current Ratio1.05
Free Cash Flow (FCE)623,700,000
Return on Equity (ROE)8.31%
EUTELSAT COMMUNIC. (ETL.PA) 2025-06-30$ 4.52B
Total Sales Revenue1,243,700,000 (🟢+30,700,000)
Gross Profit Margin80.56% (🔴-2.52 pp)
Operating Margin-73.10% (🔴-57.33 pp)
Net Profit Margin-86.99% (🔴-61.44 pp)
Earnings Per Share (EPS)-1.78 (🔴-1.20)
Price-to-Earnings Ratio (P/E)-1.24 (🔴+2.58)
Debt-to-Equity Ratio1.22 (🔴+0.34)
Current Ratio1.38 (🔴-0.35)
Free Cash Flow (FCE)-5,600,000 (🔴-48,000,000)
Return on Equity (ROE)-41.71% (🔴-33.66 pp)
EUTLF chart by TradingView
Financial Reports

Future Launches/Services

Eutelsat to upgrade constellation with 100 new OneWeb satellites
Airbus Defense and Space has been awarded to build the expansion of OneWebs Low Earth Orbit (LEO) constellation. Airbus will be building 100 satellites by 2026. The new satellites will be equiped with technology upgrades like 5G on-ground integration and technology architecture compatibility with Europes IRIS2 constellation that is set to be in service in 2030.

Future Launches/Service Articles

Spain's Indra Space, now owner of Hispasat and Hisdesat, positions itself to be Tier-1 European space company
Spain's Indra Space, now owner of Hispasat and Hisdesat, positions itself to be Tier-1 European space company
January 2, 2026
  • Indra acquired Hispasat and Hisdesat for 725 million euros, aiming for 1 billion euros revenue by 2030.
  • Hispasat participates in the 11-billion-euro Iris2 multi-orbit secure communications network, focusing on low-LEO technology.
  • Startical project plans a 288-satellite constellation for air traffic management, with two demonstration satellites launched in 2025.
India's LVM3 rocket's 9th consecutive success, & 2nd launch in 52 days, places AST SpaceMobile BlueBird 6 into 520-km orbit
India's LVM3 rocket's 9th consecutive success, & 2nd launch in 52 days, places AST SpaceMobile BlueBird 6 into 520-km orbit
December 24, 2025
  • BlueBird 6 weighs 6,100 kg and carries a 223 square meter phased array antenna, the largest in low Earth orbit.
  • LVM3 rocket achieved 518.5 km orbit, within 1.5 km of target, marking its 9th consecutive successful launch.
  • AST SpaceMobile plans four more launches by March 2024, aiming for 45-60 BlueBird satellites in orbit by end of 2026.

Scheduled Launches

No Launches are currently scheduled

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