Regulatory News:
Eutelsat Group (ISIN: FR0010221234 Euronext Paris London Stock Exchange: ETL) (Paris:ETL) (LSE:ETL), has extended its partnership with Universal Satcom, the Dubai-based satellite communication system integrator.
Eutelsat and Universal Satcom have been collaborating for some time, and this recent multi-year deal will enable Universal Satcom to leverage Eutelsat's Geostationary ADVANCE maritime packaged solutions in Ku-band to extend its coverage in MENA and globally.
Reema El Omari, Chief Executive Officer of Universal Satcom, commented: "Universal Satcom is well established in the MENA region where we offer support to ships that provide services to large barges or oil rigs. These markets demand the highest level of service that we can provide to our clients, thanks to Eutelsat's solution. We have been working with them in the past and are glad to have the opportunity to expand this partnership in the future."
Cyril Dujardin, Co-President of Eutelsat Group's Connectivity Business Unit, added: "Unrestricted maritime connectivity is essential for oil and gas companies, with vessels transporting these resources around the world. We've been working with Universal Satcom for a few years and are honoured by the trust they put in our high-quality service."
Eutelsat ADVANCE offers vital connectivity with reliable high-speed communications to manage critical data and telemetry connectivity across vast coverage areas. ADVANCE Maritime is specially designed to meet the connectivity needs of mobile users in the most remote areas of the world. It offers packaged and wholesale solutions for service providers targeting different maritime markets with multi-regional or global coverage.
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 35 geostationary (GEO) satellites and a Low Earth Orbit (LEO) constellation of more than 600 satellites. The Group addresses customers' needs 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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240221758897/en/
Contacts:
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
+33 670 80 95 58
hlaurensberge@eutelsat.com
