EUTELSAT COMMUNS SA S/ADR - ETCMY STOCK NEWS

Eutelsat Communications reported Third Quarter operating vertical revenues of €285 million, reflecting a 3.5% decrease year-on-year. Despite a 0.7% decline quarter-on-quarter, Broadcast revenues showed stability. Strong growth was noted in Fixed Broadband, up 30.2%, and Mobile Connectivity, increasing 24.5%. The Nine Month revenues were down 4.0% year-on-year, but all financial objectives remain on track. Key highlights include progress in EUTELSAT QUANTUM commercialization and a strategic partnership with OneWeb.

Eutelsat Communications (Euronext Paris: ETL) has entered a multi-year agreement with Tuvalu Telecommunications Corporation (TTC) to leverage the EUTELSAT 172B satellite for enhancing corporate networks in Tuvalu. This initiative aims to address the digital divide in isolated regions by providing crucial connectivity for government offices and enterprises. Eutelsat's satellite technology will enable improved communication capabilities in the Asia-Pacific region, reaffirming its commitment to delivering essential services and supporting local development.

Eutelsat Communications has entered a global, multi-year Distribution Partnership Agreement with OneWeb for satellite services. This collaboration aims to commercialize OneWeb's capabilities across various sectors, including maritime and government. Eutelsat's CEO, Eva Berneke, highlighted the synergy between the companies as they work towards unique GEO/LEO connectivity solutions, enhancing their market position. This partnership follows Eutelsat becoming a significant shareholder in OneWeb, marking a strategic step to expand their satellite communication offerings.

Eutelsat Communications reported a 9.0% decline in revenues for the first half of FY 2021-22, totaling €572 million. Operating verticals saw a 4.2% decrease in revenues, primarily due to lower Broadcast and Fixed Broadband revenues. Despite these declines, the company maintained a robust 76.1% EBITDA margin and generated significant Free Cash Flow. The medium-term revenue outlook has been revised down due to delayed asset availability, but a return to growth is anticipated in FY 2023-24. The company confirmed its dividend policy and ongoing cash flow objectives.

Eutelsat Communications has extended a multi-year partnership with Marlink, initially established in 2019, to enhance satellite capacity for maritime connectivity. This agreement brings several hundred incremental MHz of GEO Ku-band capacity to support operations in Africa, the Middle East, the Americas, and Asia. As maritime broadband demand rises, the collaboration aims to deliver high-quality and reliable connectivity solutions across various maritime sectors. Eutelsat is positioned as a leading operator in global maritime broadband, reinforcing its commitment to expanding service capabilities.

Eutelsat Communications (ETCMY) responded to the humanitarian emergency caused by Cyclone Batsirai in Madagascar by providing satellite equipment and resources through its EUTELSAT KONNECT satellite. The cyclone resulted in widespread flooding and infrastructure damage. Eutelsat’s partnership with Gulfsat Madagascar and the World Food Programme facilitated vital telecommunications support in affected areas, showcasing the importance of satellite technology during disasters. This initiative emphasizes Eutelsat's commitment to digital inclusion and disaster relief.

Eutelsat Communications has signed a multi-year agreement with Intersat to provide several hundred Mbps of Internet connectivity in Gambia, Guinea Bissau, and Senegal. This deal utilizes EUTELSAT KONNECT, a high-throughput satellite, enabling robust Internet services in areas lacking terrestrial infrastructure. The satellite has gained significant commercial traction in Africa, underscoring Eutelsat's strategy to bridge the digital divide. Managing Director Aminata Sanyang expressed commitment to advanced technology integration, while Eutelsat's Nicolas Baravalle highlighted the demand for reliable connectivity on the continent.

Senet, Inc. has announced a partnership with Eutelsat Communications, TrakAssure, and Wyld Networks to form the Multimodal IoT Infrastructure Consortium™ (MMIIC). This consortium aims to deliver integrated terrestrial and satellite LoRaWAN connectivity, enhancing global supply chain visibility. The collaboration targets container logistics and asset tracking, utilizing ELO nanosatellites for enhanced coverage in remote areas. The commercial launch is anticipated in H2 2022, following pilot tests starting in February.