Overview

• The French state will lead a €1.56 billion capital raise to lift its stake in Eutelsat to just under 30 percent by year-end
• Proceeds will underpin expansion of Eutelsat’s low Earth orbit services and support the development of the EU-backed IRIS² constellation
• Eutelsat has signed a 10-year, €1 billion agreement with France’s armed forces for priority access on its OneWeb LEO network
• Discussions are ongoing with other investors, including the UK government, about joining the financing round
• Eutelsat forecasts LEO revenues will grow by roughly 50 percent year-on-year in fiscal 2025-26 as global satellite connectivity demand rises