LEO Constellation Expansion
Eutelsat procured the first batch of 100 LEO satellites required for the Iris2 multi-orbit constellation, with plans for an additional 340 satellites, marking significant progress in their LEO build-out strategy.
Government Services and Fixed Connectivity Growth
Government Services and Fixed Connectivity revenues rose by 21.9% and 22% year-on-year, respectively, indicating strong demand in these segments.
Cost Control and CapEx Reduction
Gross CapEx is now expected to be between €500 million and €600 million, lower than the initially guided range of €700 million to €800 million, due to timing of LEO investments and vigilance on GEO expenditures.
Strategic Partnership and Transaction
Eutelsat exercised the put option for the sale of a majority stake in passive ground infrastructure, expected to deliver net proceeds of around €500 million in 2026.