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Eutelsat Communications: Third Quarter and Nine-month 2020-21 Revenues
Nine months operating vertical revenues down 3.5%
1 year-on-year
1 year-on-year, in line with expectations
Backlog of €4.5bn up 6% and representing 3.5 years of revenues
Favourable outturn of Spring 2021 renewal campaign with USG
Progress on our Fixed Broadband strategy
Regulatory News:
Eutelsat Communications (ISIN: FR0010221234 Euronext Paris: ETL) reports revenues for the Third Quarter and Nine Months ended 31 March 2021.
In millions
Rodolphe Belmer, Chief Executive Officer of Eutelsat Communications, said: This Quarter has seen some important operational milestones, notably the outcome of the Spring renewal campaign with the US administration well above historical average, while the increase in our backlog reflects our important recent commercial wins. Most notably, we are now seeing real momentum in our Fixed Broadband ramp-up with EUTELSAT KONNECT now at full coverage, enabling us to make
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Eutelsat Communications: Eutelsat Expands Use of Express Wi-Fi in Partnership With Facebook to Extend Wi-Fi Connectivity Throughout Sub-Saharan Africa
Showcasing the power of satellite connectivity to bridge the digital divide
Regulatory News:
Eutelsat Communications (Paris:ETL) (Euronext Paris: ETL) is expanding its use of the Express Wi-Fi platform in partnership with Facebook to provide broadband services via satellite across several regions in Sub-Saharan Africa. With Express Wi-Fi, Eutelsat aims to connect thousands of people in rural and underserved communities spanning Democratic Republic of Congo (DRC), Nigeria, Côte d Ivoire, Tanzania, Uganda, Zambia, Kenya, Madagascar, South Africa, Cameroon, Ghana and Zimbabwe.
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Eutelsat Enters LEO Space through Investment in OneWeb
Similar governance rights to UK Government and Bharti Global
Strong commercial potential for win-win co-operation thanks to complementarity of resources and assets
Consistent with our financial objectives and dividend policy
Regulatory News:
Eutelsat Communications (Paris:ETL) has entered into an agreement with OneWeb for the subscription of a c.24% equity stake, becoming a leading shareholder of the company alongside the UK Government and Bharti Global. Eutelsat will invest $550 million in OneWeb, with closing expected in H2 2021 subject to regulatory authorisations.
With much of its global network already deployed, the OneWeb constellation, which enjoys valuable ITU-backed priority spectrum rights, will operate 648 satellites in low orbit (LEO) offering low latency. This first generation of satellites will offer significant regional coverage by the end of 2021, reaching global coverage the following year. OneWeb wil
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