Eutelsat Group and Intelsat Forge Significant New Partnership Agreement for Eutelsat’s OneWeb Low Earth Orbit Constellation.
A strategic multi-year collaboration valued at up to $500 million has been sealed between Eutelsat Group and Intelsat, strengthening their longstanding cooperation.
This deal empowers Intelsat to broaden the integration of LEO technology into its existing GEO assets, enhancing its ability to provide unparalleled solutions to customers. Leveraging Intelsat’s extensive expertise, particularly in the development of the Next Generation OneWeb constellation, signifies a pivotal aspect of this partnership.
Eutelsat Group has announced the signing of a substantial multi-year agreement with Intelsat to collaborate on its OneWeb Low Earth Orbit Constellation.
Scheduled to commence in mid-2024, the agreement spans seven years and is valued at up to $500 million, with an initial commitment of $250 million, inclusive of the $45 million deal inked in March 2023, and an option for an additional $250 million by the contract’s end.
This collaboration will enable Intelsat to merge OneWeb’s LEO Network with its GEO and terrestrial networks, facilitating comprehensive customer solutions across networks, government, and mobility sectors.
Central to this partnership are innovation, technological advancement, and the incorporation of Intelsat’s insights into the development of the Next Generation OneWeb constellation, underscoring its significance as a major contributor.
Such collaboration is poised to further elevate the capabilities of the OneWeb system, catering to evolving communication requirements and offering robust and reliable connectivity solutions.
Dave Wajsgras, Chief Executive Officer of Intelsat, remarked, “Over the past couple of years, Intelsat has leveraged our partnership with the Eutelsat Group to initiate our strategy of enabling multi-orbit solutions in the commercial aviation and government markets. Today’s announcement takes that partnership to a new level, enhancing our ability to offer new, true multi-orbit services and solutions across our portfolio of customers and business segments,”
Eva Berneke, Chief Executive Officer of Eutelsat Group, emphasized, “This expanded partnership with Intelsat represents a strong vote of confidence in the capabilities of the OneWeb satellite constellation, today and well into the future, as well as showcasing the necessity in today’s world for major satellite operators to be able to offer multi-orbit solutions to their customers. We are also delighted to further deepen our collaborative approach with Intelsat going forward, leveraging its unparalleled experience in the key verticals of Aviation and Government.”
About Eutelsat Group
Eutelsat Group stands as a global frontrunner in satellite communications, providing connectivity and broadcast services worldwide.
Formed through the amalgamation of Eutelsat and OneWeb in 2023, the Group emerges as the first fully integrated GEO-LEO satellite operator, boasting a fleet of 35 geostationary (GEO) satellites and a Low Earth Orbit (LEO) constellation comprising over 600 satellites.
The Group caters to customer needs across four primary verticals: Video, where it distributes over 6,500 television channels, along with the burgeoning connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Leveraging its distinctive suite of in-orbit assets and ground infrastructure, Eutelsat Group delivers integrated solutions to meet global customer demands.
Headquartered in Paris, the company employs over 1,700 individuals from more than 50 countries. Committed to providing safe, resilient, and environmentally sustainable connectivity, Eutelsat Group is listed on the Euronext Paris Stock Exchange and the London Stock Exchange.