Eutelsat merger with oneweb to create global champion
You're referring to the proposed merger between Eutelsat and OneWeb!
In July 2020, Eutelsat, a French satellite operator, announced its intention to merge with OneWeb, a US-based satellite constellation company, to create a global champion in the satellite industry. The proposed merger aims to combine Eutelsat's existing satellite fleet with OneWeb's planned constellation of 648 satellites to create a powerful entity with a global reach.
Here are some key points about the proposed merger:
- Complementary assets: Eutelsat brings its existing fleet of 40 satellites, covering Europe, Africa, the Middle East, and Asia, while OneWeb's planned constellation would provide global coverage, with a focus on underserved regions.
- Increased capacity: The merged entity would have a combined capacity of over 1,000 transponders, making it one of the largest satellite operators in the world.
- Enhanced services: The merger would enable the combined company to offer a broader range of services, including broadband, mobility, and government services, to customers worldwide.
- Cost savings: The merged entity would aim to achieve significant cost savings through the elimination of redundant operations, optimization of resources, and improved economies of scale.
- Global reach: The combined company would have a global footprint, with a presence in over 150 countries, making it a strong player in the global satellite industry.
The proposed merger is subject to regulatory approvals and is expected to close in the second half of 2021. If successful, the merged entity would be a significant player in the satellite industry, with a strong presence in both the commercial and government markets.
What do you think about this proposed merger? Do you see it as a game-changer for the satellite industry?