PARIS--(BUSINESS WIRE)--
Regulatory News:
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL), a global leader in satellite communications and Nigerian Communications Satellite Limited (NIGCOMSAT) are proud to announce a groundbreaking multi-year, multi-million-dollar partnership to deliver low Earth orbit (LEO) satellite services in Nigeria.
This strategic agreement positions NIGCOMSAT as Nigeria's leading satellite service provider by leveraging the OneWeb LEO network to deliver high-speed, low-latency connectivity. The services will cater to a wide range of sectors, including government, enterprises, and underserved rural areas, supporting essential applications like remote communications, mobile connectivity, and offshore operations.
Commenting on the development, Cyril Dujardin, President of the Connectivity Business Unit at Eutelsat Group says, "We are honoured to partner with NIGCOMSAT in this transformative initiative to enhance digital inclusion in Nigeria. LEO satellites are vital for providing fast, reliable connectivity in remote and underserved areas. This collaboration underscores Eutelsat's commitment to driving global digital transformation. We look forward to a long, fruitful relationship with NIGCOMSAT."
On her part, NIGCOMSAT's Managing Director/CEO, Jane Nkechi Egerton-Idehen, stated that, "We are delighted to deepen our collaboration with Eutelsat, a globally renowned satellite technology leader. This partnership is a milestone for NIGCOMSAT, enabling us to bridge Nigeria’s digital divide through the cutting-edge capabilities of OneWeb LEO satellites. Together, we will deliver scalable, reliable connectivity solutions to foster growth across government services, businesses and communities nationwide."
This partnership attests to the strong ties between Nigeria and France in advancing satellite and space technology. By joining forces, Eutelsat and NIGCOMSAT are poised to drive innovation, accelerate digital transformation, and open new opportunities for connectivity across Nigeria and beyond.
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About NIGCOMSAT
Nigerian Communications Satellite (NIGCOMSAT) Limited is Nigeria’s premier satellite communications provider, committed to delivering world-class satellite services to empower communities and industries. With its flagship NigComSat-1R satellite, NIGCOMSAT supports critical sectors such as communication, education, health and security.
About Eutelsat Group
Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. 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 35 Geostationary satellites and a Low Earth Orbit (LEO) 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 assets enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and the Eutelsat Group employs more than 1,500 people across more than 50 countries. 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 (ticker: ETL) and the London Stock Exchange (ticker: ETL).
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DISCLAIMER
The forward-looking statements included herein are for illustrative purposes only and are based on management’s views and assumptions as of the date of this document. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such 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 roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable law. The information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable.
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