Growth in Operating Verticals Revenue
Operating vertical revenues reached €600 million, showing an increase of 3.9% year-on-year. Fixed Connectivity and Government Services segments rose by 22% each.
SpaceRISE Consortium and Iris2 Contract
Eutelsat signed the agreement with the SpaceRISE consortium to design, build, and operate the Iris2 multi-orbit constellation, marking a significant step in its LEO build-out strategy.
Lower CapEx Expectations
Gross CapEx is now expected to be between €500 million and €600 million, down from the initially guided €700 million to €800 million, due to timing of LEO investments and increased vigilance on GEO expenditures.
Significant Contract Wins
New multiyear agreements signed with Q-KON and NIGCOMSAT to expand LEO satellite services across Sub-Saharan Africa and Nigeria.
Successful Partnership for Infrastructure
Eutelsat exercised the put option with the EQT Infrastructure fund for the sale of a majority stake in its passive ground infrastructure, expected to deliver net proceeds of around €500 million.