Page 27 - SAMENA Trends - August-September 2025

REGIONAL & MEMBERS UPDATES SAMENA TRENDS

Eutelsat and Tata’s Nelco Ink Agreement for

Offering LEO Connectivity Services Across India

Eutelsat and Nelco Limited a Tata Group company and one of
India’s leading satellite communication service providers, have
signed an agreement to deliver OneWeb low Earth orbit (LEO)
satellite connectivity services across the India region. Under
the agreement, OneWeb India Communications, Eutelsat’s local
operating entity, will partner with Nelco to deliver secure, low-
latency LEO connectivity for customers on land, at sea, and in the
air. Service coverage will extend across India’s borders, territorial
waters, and remote regions, supporting a wide range of secure
government and enterprise applications. These capabilities will
strengthen India’s digital infrastructure and national security,
while ensuring reliable connectivity in underserved areas. Nelco is
well geared to offer these services to its customers as soon the
OneWeb LEO services become commercially operational in the Executive Officer of Nelco, commented: "We are pleased to partner
country. Neha Idnani, Regional Vice President for APAC, Eutelsat with Eutelsat to bring OneWeb LEO satellite connectivity services to
and Director of OneWeb Communications India commented: India. This partnership marks a significant step in enabling reliable,
"We are proud to partner with Nelco, part of the respected TATA secure, and high-speed communication solutions based on LEO
Group, to deliver advanced LEO connectivity services in India. services for critical sectors across land, sea, and air. It reflects our
This agreement strengthens our strategic footprint in one of the strategy to provide comprehensive multi-orbit satellite connectivity
world’s most dynamic and fast-growing connectivity markets services for advancing India’s digital ecosystem and supporting
and underscores our commitment to supporting India’s digital the country's strategic communication needs."
and security ambitions." P J Nath, Managing Director and Chief

Eutelsat Releases Full Year 2024-25 Results

The Board of Directors of Eutelsat Communications, chaired by ended 30 June 2025. Total revenues for FY 2024-25 stood at
Dominique D’Hinnin, reviewed the financial results for the year €1,244 million, up by 2.5% on a reported basis and by 1.6% like-
for-like. Revenues of the four Operating Verticals (excluding ‘Other
Revenues’) stood at €1,226 million, up by 0.8% on a like-for-like
basis. LEO revenues amounted to €187 million, up 84.1%2, driven
by strong demand momentum. They represent c.15% of revenues.
Adjusted EBITDA stood at €676.2 million on 30 June 2025 stable
on a like for like basis. The Adjusted EBITDA margin stood at 54.2%
at constant currency (54.4% reported). This was in line with our
financial projections of Operating Vertical Revenues around the
same level, and an adjusted EBITDA margin slightly below the
level of the previous year. Jean-François Fallacher, Chief Executive
Officer of Eutelsat Communications commented: “FY 2024-25
results were in line with our objectives, and the year was marked
by genuine traction in our LEO revenues, which grew by over 80%
and now represent 15% of revenues. I am excited to take the helm
of Eutelsat as it enters a new chapter, centered on the deployment
of LEO, a revolution for the Satellite industry. Thanks to its
differentiated GEO-LEO positioning and global coverage, Eutelsat
is positioned to be a key player in the development of the European
sovereign space of tomorrow and beyond, as showcased by the
framework agreement with the French military. Finally, the recently
announced €1.5 billion capital increase will give Eutelsat the
requisite financing to implement its strategic roadmap, enabling
us to deliver growth and value for all our stakeholders.”

27 AUG-SEP 2025