{"id":129936,"date":"2022-10-12T07:36:55","date_gmt":"2022-10-12T07:36:55","guid":{"rendered":"https:\/\/myfintale.com\/?p=129936"},"modified":"2022-10-12T07:36:55","modified_gmt":"2022-10-12T07:36:55","slug":"eutelsat-says-moving-to-full-combination-with-uks-oneweb","status":"publish","type":"post","link":"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/","title":{"rendered":"Eutelsat Says Moving To Full Combination With UK’s OneWeb"},"content":{"rendered":"

French satellite operator Eutelsat Communications (ETL), which has signed a Memorandum of Understanding with British communications network OneWeb for a potential combination, Wednesday said it is moving to the next level in the deal, with a full combination.<\/p>\n

In July, Eutelsat and key OneWeb shareholders signed the MoU to combine the companies in an all-share deal, whereby the shareholders of each company will hold 50% of the Eutelsat shares.<\/p>\n

As a combined entity, OneWeb and Eutelsat will work together on the conception of OneWeb’s Gen 2 constellation, due to enter service by early 2028.<\/p>\n

In its strategy update on the proposed combination, Eutelsat said the combination will accelerate the commercialisation of OneWeb’s fleet as it enters the final stages of its global deployment.<\/p>\n

The combination will generate substantial value, tapping into significant revenue, cost, and capex synergies.<\/p>\n

Eutelsat projects average annual revenue synergies of around 150 million euros by year 4, thanks to the acceleration of OneWeb’s commercial ramp-up, among others.<\/p>\n

The combination will help to maximise capex savings through the early, joint design of OneWeb Gen 2 as part of a combined GEO\/LEO infrastructure, delivering significant savings compared to any potential LEO new entrant.<\/p>\n

As a follow-on constellation to Gen 1, Gen 2 is expected to benefit from the re-use of existing ground infrastructure, the know-how developed with Gen 1, and already secured priority filings, while also being designed as part of a broader GEO\/LEO structure rather than a standalone entity.<\/p>\n

The cost of Gen 2 will therefore be considerably lower than that of building a constellation from scratch.<\/p>\n

Eutelsat had made an initial investment in OneWeb in April 2021.<\/p>\n

The combined entity is expected to have revenues of around 1.2 billion euros for FY 2023. From this base, revenues are expected to grow at a double-digit revenue CAGR over the medium to long-term.<\/p>\n

EBITDA for the combined entity is expected to grow at a double digit CAGR over the same period, outpacing revenues growth.<\/p>\n

Eutelsat will suspend its dividend for the coming three fiscal years with cash flow focused on the deployment of the Gen 2 constellation while maintaining a strong balance sheet.<\/p>\n

Eva Berneke, CEO of Eutelsat, and Neil Masterson, CEO of OneWeb, said, “…we are confident that moving to the next level, with a full combination, will ensure the potential of the GEO\/LEO integration is fully realized, underpinned by compelling financial, strategic, and industrial logic.” <\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

French satellite operator Eutelsat Communications (ETL), which has signed a Memorandum of Understanding with British communications network OneWeb for a potential combination, Wednesday said it […]<\/a><\/p>\n<\/div>","protected":false},"author":3,"featured_media":129935,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"yoast_head":"\nEutelsat Says Moving To Full Combination With UK's OneWeb - my finance tale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Eutelsat Says Moving To Full Combination With UK's OneWeb - my finance tale\" \/>\n<meta property=\"og:description\" content=\"French satellite operator Eutelsat Communications (ETL), which has signed a Memorandum of Understanding with British communications network OneWeb for a potential combination, Wednesday said it [...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/\" \/>\n<meta property=\"og:site_name\" content=\"my finance tale\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-12T07:36:55+00:00\" \/>\n<meta name=\"author\" content=\"Vogel\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/myfintale.com\/wp-content\/uploads\/2022\/10\/Eutelsat-Says-Moving-To-Full-Combination-With-UKs-OneWeb-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Vogel\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/\",\"url\":\"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/\",\"name\":\"Eutelsat Says Moving To Full Combination With UK's OneWeb - my finance tale\",\"isPartOf\":{\"@id\":\"https:\/\/myfintale.com\/#website\"},\"datePublished\":\"2022-10-12T07:36:55+00:00\",\"dateModified\":\"2022-10-12T07:36:55+00:00\",\"author\":{\"@id\":\"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\"},\"breadcrumb\":{\"@id\":\"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/myfintale.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Industries\",\"item\":\"https:\/\/myfintale.com\/category\/industries\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Eutelsat Says Moving To Full Combination With UK’s OneWeb\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/myfintale.com\/#website\",\"url\":\"https:\/\/myfintale.com\/\",\"name\":\"my finance tale\",\"description\":\"myfintale.com\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/myfintale.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a\",\"name\":\"Vogel\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/myfintale.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g\",\"caption\":\"Vogel\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Eutelsat Says Moving To Full Combination With UK's OneWeb - my finance tale","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/","og_locale":"en_US","og_type":"article","og_title":"Eutelsat Says Moving To Full Combination With UK's OneWeb - my finance tale","og_description":"French satellite operator Eutelsat Communications (ETL), which has signed a Memorandum of Understanding with British communications network OneWeb for a potential combination, Wednesday said it [...]","og_url":"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/","og_site_name":"my finance tale","article_published_time":"2022-10-12T07:36:55+00:00","author":"Vogel","twitter_card":"summary_large_image","twitter_image":"https:\/\/myfintale.com\/wp-content\/uploads\/2022\/10\/Eutelsat-Says-Moving-To-Full-Combination-With-UKs-OneWeb-.jpg","twitter_misc":{"Written by":"Vogel","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/","url":"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/","name":"Eutelsat Says Moving To Full Combination With UK's OneWeb - my finance tale","isPartOf":{"@id":"https:\/\/myfintale.com\/#website"},"datePublished":"2022-10-12T07:36:55+00:00","dateModified":"2022-10-12T07:36:55+00:00","author":{"@id":"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a"},"breadcrumb":{"@id":"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/myfintale.com\/industries\/eutelsat-says-moving-to-full-combination-with-uks-oneweb\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/myfintale.com\/"},{"@type":"ListItem","position":2,"name":"Industries","item":"https:\/\/myfintale.com\/category\/industries\/"},{"@type":"ListItem","position":3,"name":"Eutelsat Says Moving To Full Combination With UK’s OneWeb"}]},{"@type":"WebSite","@id":"https:\/\/myfintale.com\/#website","url":"https:\/\/myfintale.com\/","name":"my finance tale","description":"myfintale.com","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/myfintale.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/myfintale.com\/#\/schema\/person\/ad0e9920e03d3b41c7ad02a18375d76a","name":"Vogel","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/myfintale.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/b798c029797bb8d95901f24223a752e3?s=96&d=mm&r=g","caption":"Vogel"}}]}},"_links":{"self":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/posts\/129936"}],"collection":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/comments?post=129936"}],"version-history":[{"count":0,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/posts\/129936\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/media\/129935"}],"wp:attachment":[{"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/media?parent=129936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/categories?post=129936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/myfintale.com\/wp-json\/wp\/v2\/tags?post=129936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}