Satellite fleet operator Eutelsat has paid its Russian counterpart, Russian Satellite Communications Co. (RCSS), monies overdue on a multi-year contract valued more than 400 million euros ($424 million) despite an ongoing legal battle between the Russian government and the shareholders of the former Yukos oil company.
Satellite fleet operators Inmarsat, Intelsat, SES and Eutelsat all say the long-awaited rebound in U.S. government (translation: mainly the U.S. Department of Defense) demand for bandwidth now looks to be underway.
Satellite fleet operator Eutelsat on Oct. 27 reassured a nervous stock market by reconfirming the company’s revenue and profit forecast and showing concrete results from its design-to-cost strategy.
Satellite fleet operator Eutelsat on Oct. 11 said it had inaugurated its design-to-cost spending-reduction plan by ordering a direct-broadcast television satellite from Orbital ATK of the United States and Airbus Defence and Space of Europe.
Satellite fleet operator Eutelsat on Aug. 8 said it had sold its 70 percent stake in maritime satellite communications provider WINS Ltd to SpeedCast International for 60 million euros ($66.9 million) in cash. The deal is the latest in the long-expected consolidation of the maritime satellite communications market and comes just a week after Apax Partners-owned Marlink announced the acquisition of Telemar.
Satellite fleet operator Eutelsat on July 29 sought to reassure investors that the bad news it delivered in May was a fair assessment of its markets’ short-term contraction, mid-term stability and longer-term growth and not the beginning of a long downward spiral.
Satellite fleet operator Eutelsat on June 27 unveiled a strategy to mitigate the effects of market headwinds including the free-fall in data services prices by reducing investment outlays, refocusing is government market pitch and doing away with some third-party distributors of its core European Hot Bird capacity.
A SpaceX Falcon 9 rocket on June 15 successfully placed two all-electric commercial telecommunications satellites into geostationary transfer orbit in a repeat of a nearly identical mission conducted in March 2015 with the same two customers.
Satellite fleet operator Avanti Communications Group on May 16 promised investors an exceptional feat of revenue growth in the next few months as it seeks to meet its target for the fiscal year ending June 30.
Eutelsat on May 12 delivered a multiple-warhead bomb to its investors — and by extension to the entire fixed satellite services industry — slashing revenue forecasts on weakness in its data transmissions, U.S. military, consumer broadband and Latin American operations and even in its gilded Hot Bird direct-to-home television business in Europe.
EchoStar Corp.’s Hughes division on May 10 said a recent consumer satellite broadband contract with the Turkish government and a combined Eutelsat/Facebook deal in Africa are just the start of the company’s ambition of replicating its U.S. success elsewhere.
Satellite fleet operator SES on April 27 said Internet social-media giant Facebook had leased capacity on three in-orbit SES satellites to provide Wi-Fi connectivity in sub-Saharan Africa.
Decisions by separate French courts have removed an immediate threat to the business relationship between French and European launch-service providers and satellite fleet operators caught up in the dispute between the Russian government and the former shareholders of Russia’s Yukos energy company.
Europe’s Ariane 5 rocket on March 8 successfully placed the Eutelsat 65 West A multi-band telecommunications satellite into geostationary transfer orbit, in the vehicle’s 71st consecutive success, its second of 2016 and, exceptionally, the second straight solo-passenger mission.
Satellite fleet operator Eutelsat on Feb. 17 said its decision to sell 50 percent of its consumer satellite broadband business to ViaSat Inc. is not a retreat but an acknowledgement that ViaSat, through its U.S. satellite broadband business, has developed skills that Eutelsat does not have six years after debuting its own consumer broadband service.
An ILS Russian Proton rocket on Jan. 30 successfully placed the Eutelsat 9B commercial telecommunications satellite into orbit.