PARIS, 6 October 2021 (Eutelsat PR) – Eutelsat Communications (Euronext Paris: ETL) has exercised a call option on a portion of the latest OneWeb funding round subscribed by Bharti, for a consideration of $165 million, taking its shareholding from 17.6% to 22.9%.
The transaction was undertaken on identical financial terms to Eutelsat’s initial investment of $550 million announced in April and completed on 8 September. The completion of this latest transaction is expected around year-end 2021 subject to regulatory authorisations.
Since Eutelsat’s initial investment, OneWeb has gained significant traction, both operationally, with a 100% launch success rate leading to nearly half of the constellation now in orbit, and commercially, with numerous distribution partnerships secured ahead of its partial entry into service, which remains on track for end-2021.
KOUROU, French Guiana (ESA PR) — A sophisticated telecommunications satellite that can be completely repurposed while in space has launched.
Developed under an ESA Partnership Project with satellite operator Eutelsat and prime manufacturer Airbus, Eutelsat Quantum has pioneered a new generation of satellites with the European space industry.
KOUROU, French Guiana (Arianespace PR) — On Friday, July 30, between 09:00 and 10:30 p.m. UTC, the Ariane 5 VA254 flight successfully placed two satellites in orbit from the Guiana Space Center (CSG): Star One D2, built by Maxar Technologies for Brazilian operator Embratel, and EUTELSAT QUANTUM for Eutelsat, developed with Airbus Defence and Space and the European Space Agency (ESA).
PARIS (ESA PR) — A sophisticated telecommunications satellite capable of being completely repurposed in orbit has been fuelled ready for its launch on 30 July.
Developed under an ESA Partnership Project called Quantum, the satellite is pioneering a new generation of fully reconfigurable satellites that can respond while in orbit to changing demands on Earth during their 15-year lifetimes.
The sixth Arianespace launch of 2021 with the first Ariane 5 of the year, scheduled for July 30, will orbit two geostationary telecommunications satellites, Star One D2 and EUTELSAT QUANTUM.
This VA254 mission for two long-standing customers clearly reflects the excellence of Arianespace’s services and relations of mutual trust with its customers.
EVRY, France (Arianespace PR) — Arianespace’s next Ariane 5 launch from the Guiana Space Center (CSG) in Kourou, French Guiana, is scheduled for Friday, July 30, during a launch window from 21:00 to 22:30 UTC. Initially planned for July 27, the mission was rescheduled after a revision to the preparation schedule.
Last year was a tough one for Europe in terms of launches. The COVID-19 pandemic closed the Guiana Space Centre for extended periods. And the most troubled of the three rockets launched from the spaceport had another bad day.
Despite the problems, there were seven launches from French Guiana in 2020, with six successes and one failure. Five of the flights involved European rockets, and two others were Russian Soyuz boosters.
Eutelsat investment brings OneWeb to $1.9 billion in total financing
Secures 80% of total financing, as latest launch puts almost 30% of Gen 1 fleet in space
Collaboration with Geostationary (GEO) satellite operator offers new customer opportunities
Eutelsat joins U.K. Government, Bharti Global and SoftBank as key investors
LONDON, 27 April 2021 (OneWeb PR) — OneWeb, the global communications network powered from space, announces today that it has secured $550 million in funding from Eutelsat Communications (Euronext Paris: ETL), bringing OneWeb’s total funding to $1.9 billion in fresh equity. This investment from one of the world’s most experienced and largest global operators is a vote of confidence in OneWeb and underscores the arrival of Low Earth Orbit (LEO) satellites into mainstream long-term growth planning for major operators.
Eutelsat, one of the world’s leading satellite operators, will receive a c.24% equity stake in OneWeb and similar governance rights to the U.K. Government and Bharti Global, making it a significant equity partner and joining leading investors including the U.K. Government, Bharti Global and SoftBank. The investment is expected to be completed in the second half of 2021, subject to regulatory approvals.
PARIS, 22 March 2021 (Airbus PR) — Airbus has been selected by Eutelsat, one of the world’s leading satellites operators, to build EUTELSAT 36D, a new generation multi-mission geostationary telecommunications satellite.
The EUTELSAT 36D spacecraft will replace and enhance capacity at 36°East, a key orbital slot for Eutelsat for TV broadcasting (DTH) and government services over Africa, Russia, and Europe.
BRUSSELS, 23 December 2020 (Airbus PR) — The European Commission has selected a consortium of European satellite manufacturers, operators and service providers, telco operators and launch service providers to study the design, development and launch of a European-owned space-based communication system.
The study will assess the feasibility of a new initiative aiming to strengthen European digital sovereignty and provide secure connectivity for citizens, commercial enterprises and public institutions as well as providing global coverage for rural and ‘not-spot’ areas. Complementing Copernicus and Galileo, this new EU flagship programme, once given the green light, would fully exploit the synergies of the technological potential akin to the Digital and Space industries. The contract value of the year-long feasibility study amounts to € 7.1 million.
EVRY, France (Arianespace PR) — Arianespace and Eutelsat have confirmed that EUTELSAT 10B, Eutelsat’s next generation high-throughput telecommunications satellite, will be launched on an Ariane 5 rocket.
EUTELSAT 10B is scheduled for launch in 2022 on one of eight Ariane 5 missions remaining to be performed with the heavy-lift launcher.
The contract covers InOrbit NOW Launch Service for two AAC Clyde Space’s 6U CubeSats built for the Eutelsat LEO for Objects (ELO) Constellation
FINO MORNASCO, Italy, October 8, 2020 (D-Orbit PR) — Italian in-orbit transportation company D-Orbit has announced a launch service agreement with Swedish-British small satellite manufacturer AAC Clyde Space. The contract covers launch and deployment of two Eutelsat LEO for Objects (ELO) 6U CubeSats in 2021 developed and built by AAC Clyde Space.
Eutelsat’s ELO is a constellation that aims at providing global Internet of things (IoT) coverage from low Earth orbit to support sectors like transport, oil and gas, and agriculture. The constellation, in combination with ground infrastructures, will enable companies to gather data from tens of millions of objects, irrespective of their geographic location.
Jeff Bezos’ Amazon and Elon Musk’s SpaceX are among companies doing due diligence on OneWeb, the satellite broadband company that declared bankruptcy in March.
Other companies interested include Eutelsat, Cerberus and two Chinese companies, according to Space Intel Report.
OneWeb has 74 satellites in orbit, which is only 11.4 percent of an initial planned constellation of 648 satellites designed to provide broadband services across the globe.
SpaceX is already deploying its rival Starlink constellation with satellites the company says are more capable than the ones launched by OneWeb. Bezos’ Amazon is planning its own satellite constellation.
It’s not clear whether potential buyers want to purchase the entire company or the OneWeb’s bandwidth allocation, which could be worth as much as $1 billion.
OneWeb filed bankruptcy in March, blaming the coronavirus (COVID-19) pandemic for drying up financing for the multi-billion satellite constellation.
PARIS (Arianespace PR) — The European Space Agency (ESA) has finalized its preorder for four more launches on Ariane 6, along with an initial payment.
Using Ariane 62, the light version of the new European launcher, these missions will be carried out on behalf of the European Commission to continue the deployment and operational ramp-up of the high-performance Galileo satellite navigation system.
PARIS (Exotrail PR) — Exotrail, a French company dedicated to providing innovative on-orbit transportation solutions for the small satellite market have announced today that they have signed a contract with AAC Clyde Space, Europe’s leading nanosatellite solutions specialist.
Exotrail will equip them with cutting-edge propulsion solutions for their customer, the global satellite telecommunications leader Eutelsat, for its ELO 3 and ELO 4 spacecrafts.The French company will provide propulsion systems for the two 6U CubeSats which will be manufactured and delivered to orbit by AAC Clyde Space.
PARIS, 17 January, 2020 (Eutelsat PR) – On October 24, 2019, Eutelsat announced an investigation into a malfunction on one of the two solar arrays on its EUTELSAT 5 West B satellite. Pursuant to this investigation, the loss of the satellite’s South solar array has been confirmed. With the exception of the South solar array, the satellite performance remains nominal.
The attendant power loss means c.45% of the capacity of the satellite can be operated.