Sweden: Intelsat signs deal to lease capacity on Eutelsat’s OneWeb satellites

Mar 26, 2024 | Posted by Abdul-Rahman Oladimeji

Intelsat recently announced that it has signed a new multi-year, multimillion-dollar agreement partnership with Intelsat on its OneWeb Low Earth Orbit (LEO) constellation.This deal is valued at up to $500 million over seven years, with a firm commitment of $250m (including a previous $45m deal signed in March 2023), with options of a further $250 million by the end of the period.

"Over the past couple of years, Intelsat has leveraged our partnership with the Eutelsat Group to initiate our strategy of enabling multi-orbit solutions in the commercial aviation and government markets,” said Intelsat CEO Dave Wajsgras. “Today’s announcement takes that partnership to a new level, enhancing our ability to offer new, true multi-orbit services and solutions across our portfolio of customers and business segments.”

Eva Berneke, Eutelsat Group CEO, added: “This expanded partnership with Intelsat represents a strong vote of confidence in the capabilities of the OneWeb satellite constellation, today and well into the future, as well as showcasing the necessity in today’s world for major satellite operators to be able to offer multi-orbit solutions to their customers.”