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Eutelsat, the world's third-biggest satellite operator by revenue, launched 20 satellites for its communications network on Sunday, using Elon Musk's SpaceX in its first move since the merger of two European companies last year. A SpaceX Falcon 9 rocket took off, with Eutelsat satellites from California's Vandenberg Space Force Base at 0513 GMT. "This is the first OneWeb launch of the satellites since the merger," CEO Eva Berneke told Reuters in an interview. The Paris-based group formed by the merger in September last year of France's Eutelsat and Britain's OneWeb has a constellation of over 600 low earth orbit satellites that cater to broadcasters, telecom companies and radio stations. It sits there until India gets open, the day it gets open, we'll start building," Berneke said.
Persons: Eva Berneke, France's, OneWeb, Berneke Organizations: Elon, SpaceX, Vandenberg Space Force Base, Reuters, Telstra, U.S Locations: Paris, India, Saudi Arabia
OneWeb, the British satellite giant, completed its combination with French rival Eutelsat Thursday, setting the stage for a European challenger to Elon Musk's space internet venture Starlink. It comes as competition is heating up between different players in the multibillion-dollar space industry. Likewise, OneWeb also targets enterprise customers, but offers a different service capability thanks to its LEO network – similar to SpaceX's Starlink satellite internet. Eutelsat will remain headquartered in Paris, and OneWeb will continue operating in London with its name changed to Eutelsat OneWeb. Commercial deals are gaining traction in the space industry, with Musk's Starlink service working alongside businesses including Spain's Telefonica and French firms Marlink and Speedcast.
Persons: Elon, Morgan Stanley, OneWeb, Starlink, Eutelsat, Eva Berneke, Neil Masterson, Masterson, Musk's Organizations: Telecom Italia, Deutsche Telekom, Euronext Paris Stock, London Stock Exchange, Eutelsat, CNBC, Spain's Telefonica, SpaceX, SES Locations: British, Orange, Paris, London
Eutelsat CEO Eva Berneke is betting on that massive acquisition of a British firm called OneWeb to turn around the company's fortunes. These so-called geostationary or GEO satellites is what Eutelsat specializes in. OneWeb, a British company, specializes in so-called low Earth orbit, or LEO satellites, which are used for things like internet connectivity. By combining Eutelsat's legacy GEO business with the LEO business of OneWeb, Berneke feels like it could be a big advantage. OneWeb, a direct competitor to Elon Musk's Starlink, which counted Japanese giant SoftBank among its investors, filed for bankruptcy in 2020.
Persons: Elon Musk, Jeff Bezos, Eva Berneke, Berneke, Eutelsat, Elon Musk's Organizations: PARIS, CNBC, GEO, LEO, Elon Musk's Starlink Locations: British, Paris, OneWeb
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEutelsat CEO says OneWeb merger is a 'big bet' that will help it become a high growth companyEva Berneke, CEO of French satellite operator Eutelsat, tells CNBC's Arjun Kharpal about the firm's merger with OneWeb.
Persons: Eva Berneke, CNBC's Arjun Kharpal Organizations: OneWeb
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEutelsat CEO says Elon Musk is changing the way we think about risk in businessEutelsat CEO Eva Berneke says the broadcast market is transforming, and Elon Musk “is changing the way we think about risk broadly in business.”
Persons: Elon Musk, Eva Berneke,
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