Eutelsat OneWeb Services Activated for Enterprise and Maritime in Australian and New Zealand through Sat One Partnership
Regulatory News:
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240326436075/en/
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL), announces that Sat One, is leveraging its OneWeb LEO constellation for the first-time activation of land-based services across Australia’s remote northern and southern regions, maritime services in Australian waters, and commercial service in New Zealand.
Satellite service company Sat One and Eutelsat OneWeb have a multi-year, multi-million dollar agreement enabling Sat One to bring high-speed, low latency connectivity to its most remote customers. With Eutelsat OneWeb’s LEO now operational in Australia and New Zealand, Sat One has begun providing services to enterprises, including mine sites, and remote communities as well as maritime customers.
“Today heralds a new chapter for connectivity, tailored to Australasia's unique landscapes and seascapes," remarked Daniel Fairbairn, Chief Executive Officer of Sat One. "Our agreement with Eutelsat OneWeb enables us to lead the market in providing enterprise grade, resilient, high-speed, low-latency LEO services that stand up to the harsh outback, the wet tropics, and New Zealand's freezing conditions, as well as the demanding marine environments. We're ensuring that enterprises remain connected and competitive no matter how remote or challenging their operations. Sat One is the One company that customers turn to for Enterprise LEO.”
Cyril Dujardin, Co-President of Eutelsat Group’s Connectivity Business Unit said, “We are delighted to announce the launch of our LEO services for customers in Australia and New Zealand. As a trusted connectivity provider, Sat One understands the complex needs of modern businesses and maritime operations. We are excited by the start of these services and looking forward to building on our partnership with Sat One.”
The activation follows the launch last month of Eutelsat OneWeb LEO backhaul in Australia by the Australian telecom operator, Telstra.
END
About Sat.One
Sat One, established in 2021 and headquartered in Perth, revolutionises enterprise connectivity across Australia and New Zealand with leading low-earth-orbit (LEO) satellite technology. Sat One eliminates digital divides, delivering super-fast, reliable enterprise connectivity, even in remote areas. As the master distributor for Eutelsat OneWeb's LEO satellite services, Sat One delivers unmatched communication solutions underpinned by strategic partnerships with industry leaders like Intellian, Kymeta, Hughes, and Inster.
Our commitment to innovation extends to custom, agile services across critical sectors, including Mining, Energy, Construction, Government, and more, empowering them with low-latency connectivity essential for operational excellence. Sat One represents the future of enterprise communication, offering comprehensive, tailored solutions that drive growth and transform digital engagement.
Find out more at: https://sat.one/
About Eutelsat Group
Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide. The Group was formed through the combination of Eutelsat and OneWeb in 2023, becoming the first fully integrated GEO-LEO satellite operator with a fleet of 35 geostationary (GEO) satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. The Group addresses customers' needs in four key verticals of Video, where it distributes more than 6,500 television channels, and the high-growth connectivity markets of Mobile Connectivity, Fixed Connectivity, and Government Services. Eutelsat Group’s unique suite of in-orbit assets and on-ground infrastructure enables it to deliver integrated solutions to meet the needs of global customers. The Company is headquartered in Paris and Eutelsat Group employs more than 1,700 people from more than 50 countries. The Group is committed to delivering safe, resilient, and environmentally sustainable connectivity to help bridge the digital divide. The Company is listed on the Euronext Paris Stock Exchange (ticker: ETL) and the London Stock Exchange (ticker: ETL).
Find out more at www.eutelsat.com
DISCLAIMER
The forward-looking statements included herein are for illustrative purposes only and are based on management’s views and assumptions as of the date of this document. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to: risks related to the health crisis; operational risks related to satellite failures or impaired satellite performance, or failure to roll out the deployment plan as planned and within the expected timeframe; risks related to the trend in the satellite telecommunications market resulting from increased competition or technological changes affecting the market; risks related to the international dimension of the Group's customers and activities; risks related to the adoption of international rules on frequency coordination and financial risks related, inter alia, to the financial guarantee granted to the Intergovernmental Organization's closed pension fund, and foreign exchange risk. Eutelsat Communications expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this document to reflect any change in events, conditions, assumptions, or circumstances on which any such statements are based, unless so required by applicable law. The information contained in this document is not based on historical fact and should not be construed as a guarantee that the facts or data mentioned will occur. This information is based on data, assumptions and estimates that the Group considers as reasonable.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240326436075/en/
Eutelsat Communications Stock
The community is currently still undecided about Eutelsat Communications with 1 Buy predictions and 0 Sell predictions.
With a target price of 13 € there is potential for a 198.03% increase which would mean more than doubling the current price of 4.36 € for Eutelsat Communications.