Eutelsat Group announces successful launch of 20 OneWeb satellites

PARIS, October 20, 2024–(BUSINESS WIRE)–Regulatory news:

Eutelsat Group (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL) is pleased to announce the successful launch and deployment of 20 low Earth orbit (LEO) satellites, further strengthening the OneWeb constellation.

The satellites were launched aboard SpaceX’s Falcon 9, which lifted off at 10:13 pm PT on October 19 from Space Launch Complex 4 East (SLC-4E) at Vandenberg Space Force Base in California. The satellites successfully separated from the vehicle and were distributed into 10 batches over a 20-minute period, with signal acquisition confirmed on all 20 satellites. The satellites were built by Airbus US Space & Defense in Merritt Island, Florida.

This launch comes after the one-year anniversary of the merger between Eutelsat and OneWeb to create the world’s only GEO-LEO operator. The Eutelsat Group is uniquely positioned to offer customers the advantages of GEO for high-throughput capacity, along with the low-latency, high-speed global connectivity provided by LEO satellites. Since the merger, Eutelsat has seen a significant increase in demand for multi-orbit services and is collaborating with industry leaders such as Intelsat, Inmarsat Maritime and Hughes to provide cutting-edge connectivity services around the world, across all sectors.

Eva Berneke, CEO of the Eutelsat Group, commented: “We are delighted to see the successful launch and deployment of new OneWeb satellites. These satellites will strengthen our network services, improving overall performance for our customers. As we celebrate the anniversary of the merger with Eutelsat and OneWeb, we are excited with the growing demand for our multi-orbit services, and we remain committed to delivering value to our customers and shareholders. I want to thank and congratulate the Eutelsat Group and SpaceX teams for their hard work in facilitating this launch.

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About the Eutelsat Group

The Eutelsat Group is a global leader in satellite communications, providing connectivity and broadcast services around the world. The Group was formed through the combination of the Company and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 36 geostationary satellites and a Low Earth Orbit (LEO) constellation of over 600 satellites. The Group serves customer needs across four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity and Government Services. Eutelsat Group’s unique set of in-orbit assets enables it to provide integrated solutions to meet global customer needs. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,700 people in more than 50 countries. The Group is committed to providing secure, resilient and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL). Find out more at: www.eutelsat.com

DISCLAIMER

The forward-looking statements included herein are for illustrative purposes only and are based on management’s opinions and assumptions as of the date hereof. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, these risks include, but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to implement the deployment plan as planned and within the expected time frame; risks related to the evolution of the satellite telecommunications market resulting from increased competition or technological changes that affect the market; risks related to the international dimension of the Group’s customers and activities; risks related to the adoption of international frequency coordination rules and financial risks related, in particular, to the financial guarantee granted to the Intergovernmental Organization’s closed pension fund, and exchange rate risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained herein to reflect any change in events, conditions, assumptions or circumstances on which such statements are based, unless so required. by applicable law. The information contained in this document is not based on historical facts and should not be interpreted as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers reasonable.

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