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This is an interesting move for a company like Eutelsat. It does make perfect sense on a financial point of view, will clean up the Balance Sheet and move large assets outside the organization. On the other hand this is not in line with the other LEO operators which are investing in numerous gateway in the world. So I'd like to see how this move will fit with OneWeb deployment. Sure enough a LEO gateway is easier and less costly than a GEO with its 7m antenna and expensive HUB equipment, so they may keep owning infrastructure for LEO while outsourcing their GEO infrastructure. It is also a significant change in the Eutelsat strategy which has been revolving around high EBITDA, with the ground station moving from depreciation to Opex this will have a significant impact on the EBITDA and net income. I hope this will be well explained to the market otherwise the share is going to take another hit. This may ends up being close to a 100M Eur hit on the net income. But I am sure that Eutelsat management is looking into that to make sure that the move will not affect their shareholders and more importantly their customers.

Eutelsat Group reports revenues for third quarter 2023-24 📝 📊 Third quarter operating verticals revenues of €300.3 million, in line with expectations: - Up 8.5% year-on-year, and by 1.4% quarter-on-quarter - FY 2023-24 financial objectives confirmed ⚡ Sustained double-digit growth in connectivity services 🛰️ Successful launch of EUTELSAT 36D satellite 📡 OneWeb ground network roll-out on track 🤝 Major $500m deal with Intelsat for capacity on Eutelsat OneWeb LEO constellation Commenting, Eva Berneke, Eutelsat Group CEO, said: “We have delivered 3Q revenues in line with expectations, underscored by double-digit growth in connectivity. As demand for GEO capacity persists, we continue to accelerate our LEO services alongside the completion of our ground network infrastructure, which remains on track. “Our focus is on providing exceptional service to our valued customers in Broadcast and Connectivity and driving growth for the benefit of all our stakeholders.” You can find more detail on our third quarter results on our website via the link in the comments, below ⬇️

🛰️ SES Satellites has announced the acquisition of Intelsat for $3.1 billion, a move set to reshape the competitive landscape of the satellite communications sector. This merger is expected to enhance their capabilities, offering a more resilient network and a richer portfolio of solutions. Key Highlights: 🔹Financial Strength: The merged entity will boast a gross backlog of €9 billion, with revenues of €3.8 billion and an adjusted EBITDA of €1.8 billion. 🔹Synergies: Anticipated synergies have a net present value of €2.4 billion, which represents significant cost savings and fleet optimization. 🔹Scale and Reach: Post-merger, the company will manage over 100 GEO and 26 MEO satellites, enhancing its competitive stance against major US operators. 🔹Strategic Growth: The acquisition is expected to be cash flow positive from the first year and promises an internal rate of return exceeding 10%. Read more 👇 With the transaction slated for completion in the second half of 2025, what innovations and customer benefits do you foresee emerging from this consolidation? https://lnkd.in/ebMNeuhm #SatelliteCommunications #SESIntelsat #BusinessStrategy #TechAcquisition

Exciting news in the satellite industry! SES has announced its acquisition of Intelsat Holdings for approximately $3.1 billion, marking a significant move towards consolidation in the European market. This strategic merger aims to enhance competitiveness against formidable players like SpaceX's Starlink and Amazon's Project Kuiper. By combining forces, the new entity will emerge as a European powerhouse, poised to lead innovation and advancement in satellite technology. Headquartered in Luxembourg, with a substantial presence in the United States, the merged company is well-positioned for global impact. With unanimous approval from both companies' boards and strong shareholder support, this deal represents a pivotal moment in shaping the future of satellite communications. As the industry continues to evolve, collaborations and partnerships like this are essential for driving growth and staying ahead in an increasingly competitive landscape. #SatelliteIndustry #SES #Intelsat #Acquisition #Innovation #GlobalImpact #Thesocialtalks

☀️ Planning a vacation but want to stay informed on the latest developments in the #space industry? Everything you need to stay in the know can be found in our monthly ‘Space Market Monitoring’ report, providing more than 50 KPIs and key monthly events  for five key #market segments! 🔹 #Satellite manufacturing: Keep track of new orders and their values. 🔹 #Launch services: Stay informed about the number of orders and values, backlog details and launches performed. 🔹 Satellite communications (#SATCOM):  Get insights on financial performance of satellite operators, and updates on commercial supply.    🔹 Earth observation (#EO): Stay up to date with EO supply launched, and to be launched. 🔹 #Investments: Explore key events and activities. ✨ Get even more with our Premium version! Featuring exclusive insights on financial transactions, including publicly disclosed funding operations, and a comprehensive database of public and private mergers and acquisitions.     👉 Stay ahead of the curve effortlessly, even while you relax! Head to our digital platform: https://lnkd.in/e_ebqVWH

The maritime satellite communication market experienced significant growth in 2023. The growth has been driven primarily by Starlink's entry into the market following the official launch of its maritime service, which has rapidly gained traction and boosted the number of VSAT-equipped vessels. According to a new report from Novaspace (Merger of Euroconsult & SpaceTec Partners) "Prospects for Maritime Satellite Communications", the market share of Non-Geostationary Orbit (NGSO) solutions as a primary maritime communications method is expected to surge from 20% in 2023 to 90% by 2033...https://lnkd.in/ghVi5jAG

As the #satcom industry experiences more consolidation, through mergers and acquisitions, and operators face increased pressure amidst rise of LEO constellations, you need a platform that simplifies your operations and makes them more cost effective. 🛰️ Amidst these market shifts, neXat offers a vendor-agnostic platform designed to empower businesses to navigate a transforming landscape. Our OSS/BSS solution centralises control over network operations, streamlines processes, and enhances productivity and cost-efficiency. ✅ With neXat, you're not just adapting to change – you're future-ready. Explore how our solutions can elevate your business: https://lnkd.in/eiGnUB8C https://lnkd.in/gzarnGwc

Airbus and Thales Aerospace are contemplating a monumental merger of their satellite operations, poised to reshape Europe's competitive stance in the global space industry. Amidst the rise of dynamic competitors like SpaceX, this strategic move could significantly bolster Europe's capacity for innovation and independence in the space sector. At Positon AI, we recognize the critical importance of strategic alignment and thorough due diligence in such high-stakes mergers. Our platform is designed to streamline the M&A process, helping companies like Airbus and Thales be efficient through the deal process so that they can get to the work of aligning their technologies and enhancing their competitive edge in an increasingly complex industry. With Positon AI, businesses can navigate the intricate landscapes of large-scale mergers with precision and confidence, turning ambitious visions into successful realities. #mergersandacquisitions #privateequity #corporatedevelopment #defenseandsecurity #satellite #integration

Al Yah Satellite Communications Company (Yahsat) reported a 6% year-on-year revenue surge to a record AED 1.7B ($457M) in the fiscal year ending December 31, 2023. Adjusting for one-off items, EBITDA hit a record AED 996M ($271M), and net income spiked by 68% to AED 424M ($116M). The impending merger with Bayanat is a major highlight, aiming to create an AI-powered space technology entity named Space42, subject to regulatory and shareholder approvals. #uae #yahsat #corporateresults #business #financeworld #financeworldmagazine

Yahsat, the UAE’s flagship satellite solutions provider, announced its consolidated financial results for the first half of 2024. Key Highlights: 📌 Revenue and Profit Growth: Despite a 3% drop in revenue to AED 734 million (USD 200 million), EBITDA surged by 25% to AED 566 million (USD 154 million). Net income increased by 62% to AED 269 million (USD 73 million). 📌 Segment Performance: Infrastructure and Managed Solutions segments saw revenue growth, with Managed Solutions reporting a 15% increase. 📌 Normalised Results: Normalised EBITDA remained stable at AED 462 million (USD 126 million), and normalised net income was AED 175 million (USD 48 million). 📌 Strong Future Revenue: Contracted future revenue stands at AED 24.5 billion (USD 6.7 billion), equivalent to approximately 15 times the last twelve-month revenue. 📌 Cash Generation and Balance Sheet: Strong cash generation with Discretionary Free Cash Flow of AED 287 million (USD 78 million) and a strong cash position of AED 1.5 billion (USD 398 million). 📌 CapEx Guidance: Full-year CapEx guidance has been revised lower to AED 1.5-1.6 billion (USD 400-430 million) from AED 1.7-1.8 billion (USD 470-500 million). Ali Al Hashemi, Group CEO of Yahsat, emphasized the solid growth in their core government business and progress towards finalizing significant contracts and procurement for new satellites. The merger with Bayanat is expected to create Space42, an AI-powered space technology entity with global reach. Read more about Yahsat’s robust first-half results and future plans: https://lnkd.in/dvAKPjVM. #SatelliteSolutions #FinancialResults #Yahsat #DigitalTransformation