on EUTELSAT COMMUNICATIONS (EPA:ETL)
Eutelsat prepares a capital increase of 1.35 billion euros
Eutelsat, a global satellite communications operator, announces a €1.35 billion capital increase, supported by its shareholders, including the French government. The objective is to secure its long-term strategic vision. The LEO (low Earth orbit) connectivity market is growing rapidly, with forecasts of an annual increase of +28% between 2025 and 2029.
This fundraising will enable Eutelsat to strengthen its financial flexibility, accelerate its debt reduction, and support its investments in the IRIS² constellation. Eutelsat plans to complete its LEO network by the end of 2026, contributing to critical sectors such as cybersecurity. With a unique positioning as a GEO-LEO satellite, Eutelsat aims to consolidate its competitive position in the European space market.
R. H.
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