Eutelsat 2Q25: OneWeb growth underwhelms, cut target to €1.4/ share
Eutelsat reported H1 results this morning. Whilst headline financials were fine, OneWeb implied revenue and backlog were underwhelming, raising further questions about the viability of the project as they embark on €4bn of capex spending.Eutelsat Communications is a private telecommunications satellite operator involved in the design, establishment, operation and maintenance of satellite telecommunications systems covering a large geographical area (extended Europe (including North Africa and the Middle East), sub-Saharan Africa, parts of America and Asia). Co. provides its customers broadcasting capacity and associated services to transmit TV programmes via satellite, cable or Internet Protocol (IP) networks. As of June 30, 2013, Co. owned and operated 31 satellites in geostationary orbit and 4 satellites in inclined orbit.
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