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Satellite operator Eutelsat agrees to join OneWeb

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Eutelsat combines a powerful fleet of 36 geostationary satellites with the constellations of OneWeb’s 648 low-Earth orbit satellites. 428 of them are currently in orbit.

The operator has announced plans to integrate it into a breakthrough transaction to become a “world leader in connectivity.” (AP archive)

French and British satellite operators Eutelsat and OneWeb have announced plans to integrate and create “global champions” of broadband Internet comparable to US giants such as Elon Musk’s Starlink.

Eutelsat and OneWeb said in a joint statement on Tuesday that they had signed a memorandum of understanding “to join forces to become the world leader in connectivity in all equity trading.”

According to the statement, each will hold a 50 percent stake in the merged entity.

Eutelsat said it would be an “industry game changer,” combining 36 powerful fleets of geostationary (GEO) satellites with the OneWeb constellation of now 428 low-earth orbit satellites (LEOs). In orbit.

“This groundbreaking combination creates a powerful global player with the financial and technical expertise to accelerate both the commercial rollout of OneWeb and the pivot to Eutelsat’s connectivity,” Eutelsat said. Eva Berneke, Chief Executive Officer, said.

“The merged entity will be adjusted for profitable growth,” the two companies said, saying that both sales and profits could increase by “double digits” in the “medium to long term.” Stated.

Neil Masterson’s OneWeb CEO said:

Satellite broadband promises to bring coverage to the most remote parts of the globe by eliminating the need for antennas and other infrastructure.

read more:
Currently, more than half of the world’s population is online, the United Nations says

Source: AFP

https://www.trtworld.com/business/satellite-operators-eutelsat-oneweb-agree-to-join-forces-59168?utm_source=other&utm_medium=rss Satellite operator Eutelsat agrees to join OneWeb

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