ETL Eutelsat Communications SA

Combined Annual General Meeting of Eutelsat Communications

Regulatory News:

The Ordinary and Extraordinary Annual General Meeting of Shareholders of Eutelsat Communications (Euronext Paris / London Stock Exchange: ETL) was held today in Paris. All the resolutions submitted were approved. They included notably:

  • Approval of the accounts;
  • Compensation of corporate officers and compensation policy.
  • Authorisation to the Board of Directors to purchase the Company's shares and, if necessary, to cancel them.

The Board of Directors is made up of 15 members, 53% of whom are women and 67% of whom are independent Directors.

The outcome of the vote on the resolutions will be available on .

About Eutelsat Communications

Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of Eutelsat and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 36 Geostationary satellites and a Low Orbit earth constellation of more than 600 satellites. The Group addresses the needs of customers in 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 suite of in-orbit and on-ground assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and Eutelsat Group employs more than 1,700 from 50 different nationalities. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange and the London Stock Exchange (ticker: ETL).

For more about Eutelsat, go to

EN
23/11/2023

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Reports on Eutelsat Communications SA

Ben Rickett ... (+2)
  • Ben Rickett
  • James Ratzer

Eutelsat Model update – increase target price to €1.2/ share

We update our Eutelsat numbers to incorporate the €1.35bn equity raise and the new guidance. The equity raise mechanically lifts our target price, partly offset by the weaker operating trends implied by the near-term guidance. (We remain sceptical that the ambitious mid-term guidance is achievable.) Net, our equity price target increases to €1.2/ share (previously €1.0) and we maintain our Sell recommendation.

Carole Braudeau
  • Carole Braudeau

Credit Morning 06/20/2025

Orano: Niger has announced its decision to nationalise Somaïr|Eutelsat plans to raise € 1.35b of fresh equity with the support of the French State|

Carole Braudeau
  • Carole Braudeau

Morning Crédit 20/06/2025

Orano : le Niger a annoncé sa décision de nationaliser la société Somaïr|Eutelsat annonce un projet d’augmentation capital de 1,35 md EUR avec le soutien de l’Etat français|

Ben Rickett
  • Ben Rickett

Eutelsat French bail out agreed, but guidance falls short

Yesterday Eutelsat announced their long-awaited equity raise (€1.35bn, mainly from the French shareholders) and issued new guidance for FY26 (disappointing) and FY29 (dubious). In this Quick Take, we discuss the new shareholder structure, new guidance, and new LEO revenue disclosure.

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