Eutelsat invests in satellite expansion

Eutelsat Company plans to renew and expand its satellite network until 2034 by ordering an additional 229 satellites from Airbus at a value of one billion euros. This move aims to strengthen competition with Starlink, which currently dominates the satellite internet market. This expansion follows Eutelsat's successful raising of approximately 5 billion euros to address financial pressures resulting from its merger with OneWeb, and to increase its fleet to over 600 satellites, with expectations that the number will soon exceed a thousand. This update seeks to support secure internet services and governmental communications, especially ahead of the operational launch of the European "IRIS²" satellite services system.

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