Eutelsat Revises Financial Outlook Following Government Block

The French satellite operator Eutelsat has been compelled to adjust its financial roadmap after a key divestment plan was halted by national authorities. This development impacts its debt reduction strategy, even as the company announces a significant new commercial agreement in the maritime sector. Investors are now looking ahead to the interim results scheduled for release on February 13.

On the commercial front, Eutelsat has secured a new, multi-year partnership with the CMA CGM Group and Marlink. The agreement focuses on equipping the global fleet of shipping giant CMA CGM with connectivity services via the OneWeb low-Earth orbit (LEO) satellite network.

The concrete plan is to outfit more Read more...