How the French group Eutelsat is transforming itself into a leader in space connectivity
DECRYPTION - The satellite telecoms operator has made the strategic shift towards constellations with OneWeb, the modernization of which it began in November.
Better explain the driving forces behind Eutelsat’s new economic model. This is the objective of Jean-François Fallacher, general director of the satellite telecoms operator, who plans to organize a “capital market day”. An exercise deemed necessary because the markets do not yet value the metamorphosis of the French group, which is gradually leaving its historic business in satellite television and video to become a leader in high-speed spatial internet.
This strategic shift dates back to March 2021 when Eutelsat acquired a stake in the OneWeb constellation, saved from bankruptcy at the end of 2020 by a consortium bringing together the British state and the Indian group Bharti. At the time, it was a gamble. The low earth orbit (LEO) space connectivity market was in its infancy.
SpaceX led the way with Starlink, whose first services were launched on a large scale from 2021. Eutelsat therefore smelled the potential of this market, which is expected to generate more than $100 billion in annual revenue in 2035, according to a Novaspace study published in October.
Machine-translated from French
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- Le Figaro30 Oct, 16:45
| Publisher Le Figaro (established tier) | +76 |
| Total | 76 |
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