Eutelsat, OneWeb CEOs Outline Plans for Combined GEO/LEO Entity

Via Satellite: Eutelsat and OneWeb have reached an agreement to combine, bringing together satellite assets in Geostationary Orbit (GEO) and Low-Earth Orbit (LEO) for multi-orbit service. The companies announced the news early Tuesday, a day after sharing that talks were underway. Analysts told Via Satellite that they agreed with leaders from both companies that Eutelsat’s generative CapEx could help the combined company achieve its long-term goal of building a higher-capacity second-generation LEO constellation that competes with rival systems. […]

The LEO/GEO Opportunity 

The companies see growing demand for satellite connectivity, with the market at about $4.3 billion in 2020, growing to $15.6 billion in 2030, according to Euroconsult analysis. Growth is projected to come from consumer broadband, mobility, government, and fixed data.

Click here to read the article

Related Articles