Tag: Paris
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Eutelsat Completes €5 Billion Refinancing to Support OneWeb Constellation Upgrade
Eutelsat has completed a €5 billion refinancing package, including the issuance of a new €1.5 billion bond, as the satellite operator seeks to lower borrowing costs and fund the modernization of its OneWeb satellite constellation through 2029. The bond issuance, finalized last week, forms the final step in a broader financial restructuring aimed at reshaping…
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ESA Advances Aeolus-2 Weather Satellite with €70 Million Development Award
The European Space Agency (ESA) has approved the selection of a prime contractor for its Aeolus-2 weather satellite program and is preparing to issue an initial €70 million contract to begin the next phase of development, according to project officials. Aeolus-2 is intended as the operational successor to the original Aeolus mission, which was built…
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France Blocks Eutelsat Antenna Sale to EQT Over Strategic Concerns
France has blocked satellite operator Eutelsat from selling its ground-based antenna business to private equity firm EQT, citing concerns that the deal would undermine Europe’s ability to compete with Starlink, Bloomberg reported. The proposed transaction, valued at about €550 million (£550 million), would have seen EQT Infrastructure acquire a majority stake in Eutelsat’s Ground Station…
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CNES, Île-de-France Launch €1 Million AI Challenge for Satellite Data Analysis
The Centre National d’Études Spatiales (CNES) and the Île-de-France region have launched a €1 million ($1.1 million) challenge aimed at accelerating the use of artificial intelligence to analyse satellite data, as part of France’s broader push to strengthen its space and AI capabilities. The initiative, known as the AI for Space Challenge, was first announced…