None
EN
Starlink LEO rival gaining momentum
['Agency Staff']
TechCentral
Eutelsat said on Friday it expects revenue to increase slightly next year as growth of more than 30% in its low-Earth orbit satellite business offsets declines in its legacy video operations.
The company said in a trading update it expected to deliver slight revenue growth in 2027, compared with stable revenue in the previous year.
Eutelsat’s OneWeb constellation is the only operational global low-Earth orbit (LEO) connectivity network outside Elon Musk’s Starlink, positioning the French group as a potential beneficiary of European efforts to develop alternatives to US satellite providers.
LEO services accounted for about a quarter of group revenue in 2025/2026LEO services accounted for about a quarter of group revenue in 2025/2026, while the company’s legacy geostationary business continued to be weighed down by declining video revenue.
The company reported a 3% increase in like-for-like full-year revenue, reaching €1.24-billion in the year ended in June.