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Eutelsat Communications ( (FR:ETL) ) just unveiled an update.
Eutelsat Communications has announced a €1.35 billion capital increase to support its long-term strategic vision, backed by key shareholders including the French State. This move aims to enhance Eutelsat’s financial flexibility, reduce leverage, and support investments in its LEO capabilities and future projects. The capital increase is expected to be completed by the end of 2025, with significant implications for Eutelsat’s market positioning and growth potential in the satellite connectivity sector. The company anticipates robust growth in LEO revenues and aims to maintain a strong financial outlook, with revenue projections between €1.5 and €1.7 billion by FY 2028-29.
More about Eutelsat Communications
Eutelsat Communications is a prominent player in the satellite communications industry, specializing in Low Earth Orbit (LEO) satellite connectivity. The company focuses on business-to-business (B2B) and business-to-government (B2G) markets, leveraging its unique position as the only European operator with a fully operational LEO network. Eutelsat’s strategic initiatives are aligned with European Union and NATO objectives, emphasizing its role in military communications, cyber-resilience, and secure government connectivity.
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