In a significant step towards strengthening Europe’s leadership in space and connection, Eutelsat has announced an intended capital increase by EUR 1.35 billion. The initiative led by French states and major shareholders, including Bharti Space Limited, is aimed at providing the company’s strategic ambitions in the low -level orbit satellite sector.
Increasing capital, consisting of a reserved increase in capital and rights, will allow Eutelsat to perform its long -term vision, increase financial flexibility and maintain permanent investment in their capabilities Leo and the future constellation of Iris². The French government, thanks to the participation in Agence Des de L’Etat (APE), will make 526.4 million euros, emphasizing its commitment to the sovereignty of the European space.
Eutelsat, which is now uniquely positioning as the only European operator with a fully operational network of Geo-Leo, plays a key role in military and safe communications. A 10-year-old euro contract with the French Ministry of Armed Forces further cement its role in the country’s defense and space communication strategy.
Jean-Francheso Fallaher, CEO of Eutelsat Group, emphasized: “Eutelsat is included in the new section, focused on the deployment of Leo, the main innovative and technological revolution for the satellite industry.”
Echo, who responds to this optimism, Sunil Bharti Mittal, founder and chairman of Bharti Enterprises and co -chairman of the Eutelsat group, stated: “I am glad that under the leadership of President Macron, the French state decided to return Eutelsat as a European champion and increased the shares. Eutelsat in a long -term contract of 1 million euros for a low ground orbit of Eutelsat Oneweb Constlesat for its important mission needs. “
Going forward, Eutelsat predicts revenue growth from € 1.5 billion to EUR 1.7 billion to 2028-29 years, which is fueled by Leo’s strong impulse. The company also expects that by this period the minimum profitability of EBITDA is 60% with the support of the operative lever. In 2025-26, the revenues are expected to be in line last year, while Leo’s income is supposed to grow by 50% compared to last year. Rough capital costs for 2025-26 people are estimated at 1.0 to 1.1 billion euros, primarily aimed at expanding Leo, including purchases of new satellites and preparation for the deployment of the IRIS² constellation from 2027-28.
