Eutelsat Communications SACA Updates

Eutelsat Communications SACA, a satellite operator listed on the NYSE Euronext Paris and primarily owned by French and U.K. governments, has announced several developments that reinforce its position in the global satellite communications market.

Government‑Backed Service Offering to Canada

On 9 January 2026, Eutelsat announced that it is providing Canada with an alternative to Elon Musk’s Starlink broadband network for Arctic military operations. The company claims that its service can establish secure, non‑disruptable communication channels that cannot be disconnected for political reasons. The initiative targets the Far North region and is positioned as a sovereign satellite solution for Canadian defence needs.

Leadership Appointment

On 8 January 2026, Eutelsat appointed Eva Birgitte Bisgaard as President of the Connectivity Business Unit. This appointment follows the company’s strategy to strengthen its connectivity offerings across Europe, the Middle East, Africa, eastern North America, and South America. Bisgaard’s role will focus on expanding the company’s media and corporate network services, including television, radio, video broadcasting, internet access, and mobile communications.

Partnerships in the Low‑Earth Orbit Space

Also on 8 January 2026, Tata Group‑owned Nelco disclosed plans to partner with multiple satellite‑internet providers, including Starlink, Amazon Project Kuiper, and OneWeb. Nelco’s CEO, PJ Nath, confirmed that the company has already signed a memorandum of understanding with Eutelsat OneWeb for proof‑of‑concept trials and demonstrations with enterprise customers. The partnership aims to position Nelco as a multimodal services provider once regulatory approvals are obtained.

Liquidity Contract Performance

On 7 January 2026, Eutelsat reported an increase in liquidity contract assets for the second half of 2025. The company’s liquidity contract with BNP Paribas, effective 31 December 2025, recorded the following assets:

  • Total number of shares: 407,063
  • Cash balance: 1,135,320 EUR

During the 2nd half of 2025, the contract involved:

  • Buy transactions: 1,287,242 shares (1,063 transactions) totaling 4,355,372 EUR
  • Sell transactions: 1,252,671 shares (943 transactions) totaling 4,256,219 EUR

These figures represent a notable increase compared to the first half of 2025, where 2,637,671 shares were bought and 2,654,025 shares were sold. The liquidity contract performance reflects the company’s ongoing efforts to maintain financial flexibility while pursuing strategic investments.

Market Context

Eutelsat’s market cap as of 8 January 2026 is approximately 2.23 billion EUR, with a closing share price of 1.916 EUR. The company’s price‑earnings ratio is negative at –0.878, indicating that it has not yet achieved profitability. Despite this, the firm continues to expand its service portfolio and geographic reach, leveraging its extensive satellite constellation across multiple regions.

The combined activities—government‑backed service contracts, leadership changes, partnership announcements, and liquidity contract performance—demonstrate Eutelsat Communications SACA’s ongoing commitment to expanding its satellite communication footprint and enhancing its financial resilience.