Europe, Middle East and Africa Markets

Kevin Steen appointed as President and CEO of Combined Eutelsat America Corp. and OneWeb Technologies

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Eutelsat Group (ISIN: FR0010221234 – Euronext Paris / London Stock Exchange: ETL) announced today that Kevin Steen has been appointed by the Eutelsat America Corp. (EAC) Board of Directors to the position of President and CEO of EAC. He will also continue his existing role as President and CEO of OneWeb Technologies (OWT). EAC and OWT completed their combination earlier this year and will go to market as a single EAC entity.

Standardization is Key for Enabling Democratization of Optical Communications Technology

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Novaspace, a merger between Euroconsult and SpaceTec Partners, a space consulting and market intelligence firm, anticipates that standardization will drive democratization, catalyzing the fast-paced technological evolution of optical communications and the market. Government-supported standardization efforts, such as the SDA program, have been conducted to drive down costs and enable larger adoption of laser communications technology, which for the moment, remains costly.

Non-geostationary Orbit Constellations Redefining the High Throughput Satellites Market Landscape

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Significant and ongoing transformations in the High Throughput Satellites (HTS) market are confirmed in the 7th edition of the 'High Throughput Satellites' report from leading space consulting and market intelligence firm Novaspace, a merger between Euroconsult and SpaceTec Partners. The report underscores the pivotal role of Non-Geostationary Orbit (NGSO) constellations in reshaping the satellite connectivity industry, with the latter to emerge as the primary driver in coming years.

Iridium Announces First-Quarter 2024 Results

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Iridium Communications Inc. (Nasdaq: IRDM) (“Iridium”), a leading provider of global voice and data satellite communications, today reported financial results for the first quarter of 2024 and reiterated its full-year 2024 outlook. Net income was $19.7 million, or $0.16 per diluted share, for the first quarter of 2024, as compared to net income of $9.8 million, or $0.08 per diluted share, for the first quarter of 2023. Operational EBITDA (“OEBITDA”)(1) for the first quarter was $115.0 million, as compared to $111.9 million for the prior-year period, representing a year-over-year increase of 3%. Net income benefitted from a year-over-year decrease in depreciation expense associated with the extension of the estimated useful lives of the Company’s satellites and continued growth in total commercial services revenue.
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