- Strategic multi-year partnership valued at up to $500 million over duration, deepening long-standing cooperation between the two companies.
- Enabling Intelsat to expand integration of LEO into its GEO assets to deliver unparalleled customer solutions.
- Leveraging Intelsat’s extensive experience into the build-out of the Next generation OneWeb constellation as one of its major practitioners.
Paris, 19 March 2024 – Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) announces that it has signed a major new multi-year, multimillion-dollar agreement partnering with Intelsat on its OneWeb Low Earth Orbit Constellation.
Commencing in mid-2024, the deal is valued at up to $500 million over seven years, with a firm commitment of $250m, including the $45m deal signed in March 2023[1], with options of a further $250 million by the end of the period. It will enable Intelsat to combine OneWeb’s LEO Network with its GEO and terrestrial networks to deliver comprehensive customer solutions supporting networks, government, and mobility sectors.
Innovation and technological advancement and the opportunity to incorporate Intelsat’s input into the build-out of the Next generation OneWeb constellation as one of its major practitioners will form key elements of the partnership. Such collaboration will help to further enhance the OneWeb system as it evolves to support complex, next-generation communication needs and offer robust and reliable connectivity solutions that are second to none.
