Eutelsat Group Confirms End of Operations on EUTELSAT 113 West A Satellite
02 Februar 2024 - 4:28PM
Business Wire
Regulatory News:
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London
Stock Exchange: ETL) confirms that following an anomaly on its
EUTELSAT 113 West A satellite which occurred on 31st January, it
has ceased operations on the satellite.
Launched in 2006 and operating in inclined orbit at the 113°
West position, EUTELSAT 113 West A (ex-Satmex 6) provided coverage
of the Americas in C- and Ku-bands serving customers in video,
data, and Government services on 18 operational transponders.
Mitigation actions are underway to minimize the disruption to
customers impacted, including accelerated transfer to alternative
capacity on our satellites located at the 115° and 117° West
positions.
Eutelsat teams are deploying all possible efforts to mitigate
the potential adverse consequences on orbital safety. Eutelsat
reaffirms its commitment to a safe and sustainable space
environment.
Approaching its end-of-life, the satellite is no longer part of
the In Orbit Insurance policy. Before mitigation, the mechanical
impact on revenues of the non-availability of the satellite is
circa €3m in FY24 and €5-6m per annum for the period FY25-28. It
does not alter our financial objectives for FY 2024.
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 36 geostationary (GEO) satellites and a Low Earth Orbit
(LEO) constellation of more than 600 satellites.
The Group addresses the needs of customers 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.
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Media enquiries
Joanna Darlington Tel. +33 674 521 531
jdarlington@eutelsat.com
Anita Baltagi Tel. +33 643 930 178 abaltagi@eutelsat.com
Katie Dowd Tel. +1 202 271 2209 kdowd@oneweb.net
Investors
Joanna Darlington Tel. +33 674 521 531
jdarlington@eutelsat.com
Hugo Laurens Berge Tel. +33 670 80 95 58
hlaurensberge@eutelsat.com
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