Eutelsat, which ranks third worldwide among satellite operators in terms of revenue, has successfully installed 20 satellites to strengthen its communications network today. The launch was carried out by a SpaceX Falcon 9 rocket from Vandenberg Space Force Base in California at 0513 GMT.
This event is Eutelsat’s first use of a satellite since the French company Eutelsat and the British company OneWeb merged last September. The combined Paris-based company now oversees a network of more than 600 low Earth orbit satellites, serving a variety of customers including broadcasting and communications companies and radio stations.
Eutelsat CEO Eva Pernik highlighted the company’s strategic plan to further integrate into the telecommunications ecosystem, recognizing the unique role of satellites in the wider telecommunications market dominated by telecommunications companies – great communication. Bernick indicated that the company plans to continue expanding its satellite console in the coming years.
The company’s customer base includes prominent telecom operators such as France’s Orange and Australia’s Telstra (OTC: TLGPY ), and it is currently in active discussions with other major players such as AT&T (NYSE : T) in the US. Eutelsat has a large order backlog worth $4 billion and is awaiting regulatory approval in key markets such as India and Saudi Arabia.
The Indian market is expected to grow to $1.9 billion by 2030 at an annual growth rate of 36%, and is currently allowing satellite services. This development has created tension between local organizations and international companies such as Starlink. Pernick said part of Eutelsat’s order backlog is linked to the Indian market, which will become active once the country opens up to regulation.
In addition, Eutelsat is exploring partnerships with airlines to provide in-flight connectivity services, including internet browsing. Bernick expects these initiatives to contribute to the company’s revenue growth starting next year.
Reuters contributed to this article.
This article was translated with the help of artificial intelligence software and reviewed by an editor For more information, please see our Terms and Conditions
2024-10-20 21:51:00
#Eutelsat #launches #satellites #SpaceX #merger #Investing.com
