on EUTELSAT COMMUNICATIONS (EPA:ETL)
Eutelsat Secures Nearly €1bn Financing for LEO Satellites
On February 11, 2026, Eutelsat (Euronext Paris / London Stock Exchange: ETL) announced securing close to €1 billion Export Credit Agency financing. This financing supports the procurement of LEO satellites for its OneWeb constellation.
The funds are provided by commercial banks, backed by a French State guarantee via Bpifrance Assurance Export for approximately €975 million. Disbursement awaits several conditions, including a bond issuance at Eutelsat Communications.
The financing complements a contract with Airbus Defence and Space for 340 LEO satellites. These will be manufactured in Toulouse and ensure continuity for OneWeb customers as existing satellites phase out.
Jean-Francois Fallacher, Eutelsat's CEO, expressed gratitude to the French State, noting the importance of this funding in strengthening financial structure and supporting LEO activities deployment.
R. H.
Copyright © 2026 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all EUTELSAT COMMUNICATIONS news