Sony Pixel Power calrec Sony

EIB supports Eutelsat for the procurement and launch of the KONNECT VHTS satellite

13/01/2021

Photo credit: (Shutterstock)

Press release - 13 January 2021 11:43

EIB supports Eutelsat for the procurement and launch of the KONNECT VHTS satellite Facebook

LinkedIn

Twitter

Download as PDF

Eight-year, 200 million EIB loan focused on the KONNECT VHTS programme, an advanced satellite providing unprecedented capacity for both fixed and mobile broadband services.

The project contributes to boosting high-speed broadband coverage on a pan-European level in line with the Gigabit Society targets of the European Commission.

The European Investment Bank (EIB), the long-term lending institution of the European Union, and Eutelsat, one of the world's leading satellite operators, announced a 200 million financing agreement at the European Space Conference today. This eight-year loan will back investments related to the procurement and launch of the KONNECT VHTS satellite for the provision of advanced broadband services in Europe and neighbouring areas.

KONNECT VHTS is an advanced satellite providing unprecedented upload and download speed capacity for both fixed and mobile broadband services. With a weight of 6.3 tonnes and a Ka-band capacity of 500 Gbps, this next generation satellite will carry the most powerful on-board digital processor ever put into orbit, offering capacity, allocation flexibility, optimal spectrum use, and progressive ground network deployment.It will deliver cost-effective, competitive broadband connectivity allowing notably the provision of ubiquitous and affordable very high-speed fixed broadband access to European households, businesses and public administrations in remote areas that remain beyond the reach of terrestrial infrastructure.

Commenting on the agreement, Rodolphe Belmer, CEO of Eutelsat, said: This long-term financing with the EIB ensures that major players in the space sector like Eutelsat have access to diversified and compelling sources of funding. It is very positive that the European Union has an agenda in support of the space sector that places space connectivity at the centre of its priorities. This commitment also underlines the EU's belief in geostationary satellites as an indispensable complement to the provision of connectivity to unserved or poorly served regions significantly more quickly and cheaply than deploying terrestrial infrastructure in remote areas.

I am very pleased about this agreement with Eutelsat. It is an important step in the launch of a new generation satellite able to deliver accessible, cost-effective and competitive connectivity to all, said EIB Vice-President Ambroise Fayolle. Space is an important driver of innovation in Europe. This investment illustrates how the EU can support researchers, innovators and entrepreneurs in catalysing the development of advanced technologies to the benefit of end-users, customers, service providers and public authorities.

The transaction follows the EU and EIBs commitment to strengthen their support for European space companies. It is in line with the Gigabit Society targets of the European Commission stating that all households in Europe will have access to at least 100 Mbps internet connectivity by 2025.

Subjects

Electronic business, communication

Innovations, inventions

Network products

Telecommunication, mobile telephony

Telecom

Radio, TV

About Eutelsat Communications

Founded in 1977, Eutelsat Communications is one of the worlds leading satellite operators. With a global fleet of satellites and associated ground infrastructure, Eutelsat enables clients across Video, Data, Government, Fixed and Mobile Broadband markets to communicate effectively to their customers, irrespective of their location. Over 6 600 television channels operated by leading media groups are broadcast by Eutelsat to one billion viewers equipped for DTH reception or connected to terrestrial networks. Headquartered in Paris, with offices and teleports around the globe, Eutelsat assembles 1,000 men and women from 46 countries who are dedicated to delivering the highest quality of service.

Eutelsat Communications is listed on the Euronext Paris Stock Exchange (ticker: ETL).

For more about Eutelsat go to www.eutelsat.com

About the European Investment Bank

Created by the Treaty of Rome and founded in 1958, the EIB is the European Union's bank, which, together with its dedicated SME support subsidiary the European Investment Fund (EIF), forms the EIB Group. The EIB Group is a key player in reviving Europe's - including France's - economy through investment. Thanks to its reliable expertise and the financial attractiveness of its AAA rating, the EIB Group has strengthened its activities in France since 2012 (reaching 8.5 billion of investment in 2019), not only supporting businesses and innovation but also financing projects in strategic sectors such as climate action, energy, healthcare, housing, education for young people and training infrastructure. The EIB Group is the operator of the Investment Plan for Europe.

To find out more about the EIB: www.eib.org

Press contacts

EIB

Anne-C cile Auguin, a.auguin@eib.org, tel.: 352 43 79 83330, mobile: 352 621 36 19 48

Website: www.eib.org/press - Press Office: 352 4379 21000 - press@eib.org

Media enquiries

Joanna Darlington Tel.: 33 1 53 98 31 07 jdarlington@eutelsat.com

Marie Sophie Ecuer Tel.: 33 1 53 98 32 45 mecuer@eutelsat.com

Jessica Whyte Tel.: 33 1 53 98 46 21 jwhyte@eutelsat.com

Investors

Joanna Darlington Tel.: 33 1 53 98 31 07 jdarlington@eutelsat.com

C dric Pugni Tel.: 33 1 53 98 31 54 cpugni@eutelsat.com

Alexandre Illouz Tel.: 33 1 53 98 46 81 aillouz@eutelsat.com

Follow us at:

Read more
LINK: https://eutelsat-com.mynewsdesk.com/pressreleases/eib-supports-eutelsa...
See more stories from eutelsat

More from Eutelsat

27/03/2024

ALOFT AeroArchitects equips private Boeing Business Jet aircraft with Eutelsat OneWeb's LEO satellite connectivity service

Photo credit: ALOFT AeroArchitects Press release - 27 March 2024 12:27 ALOFT...

26/03/2024

Eutelsat OneWeb services activated for enterprise and maritime in Australia and New Zealand through Sat One partnership

Photo credit: GETTY IMAGES Press release - 26 March 2024 11:29 Eutelsat OneW...

21/03/2024

Eutelsat and NEC XON seal agreement for Eutelsat OneWeb capacity for connectivity in sub-Saharan Africa

Press release - 21 March 2024 13:37 Eutelsat and NEC XON seal agreement for E...

20/03/2024

Perus IRTP (Instituto Nacional de Radio y Televisin del Per) chooses satellite streaming services via Eutelsat

Photo credit: Getty Images Press release - 20 March 2024 14:10 Peru s IRTP ...

19/03/2024

Eutelsat Group and Intelsat ink significant new deal for partnership on Eutelsat's OneWeb Low Earth Orbit Constellation

Photo credit: Eutelsat Group Press release - 19 March 2024 22:30 Eutelsat Gr...

29/02/2024

Eutelsat OneWeb LEO service supports Q-KON in enhancing digital banking services in southern Africa.

Photo credit : Getty Images Press release - 29 February 2024 17:40 Eutelsat...

26/02/2024

Eutelsat OneWeb launches Land Mobility' connectivity services

Photo credit: Eutelsat Group Press release - 26 February 2024 14:51 Eutelsat OneWeb launches Land Mobility' connectivity services Facebook LinkedIn T...

21/02/2024

Eutelsat Group's ADVANCE Maritime offer supporting Universal Satcom to consolidate and extend its service offering

Photo credit: Shutterstock Press release - 21 February 2024 11:07 Eutelsat ...

16/02/2024

SECOND QUARTER AND FIRST HALF 2023-24 RESULTS

Press release - 16 February 2024 07:41 SECOND QUARTER AND FIRST HALF 2023-24 RESULTS Facebook LinkedIn Twitter Download as PDF First Half operating vert...

16/02/2024

Eutelsat Group supports the launch of UNESCO s new television channel, Educa-TV

Photo credit: Getty Images Press release - 16 February 2024 15:17 Eutelsat Group supports the launch of UNESCO s new television channel, Educa-TV Facebook ...

15/02/2024

Eutelsat 7/8 West video hotspot leveraged by Tldiffusion d'Algrie to expand channel offering for audiences across Algeria

Photo credit: Getty Images Press release - 15 February 2024 15:21 Eutelsat 7...

12/02/2024

Telstra and Eutelsat OneWeb launch largest deployment of LEO backhaul in Australia

Copyright 2021 OneWeb. All rights reserved. Attribution: Google Earth Globe Imag...

02/02/2024

Eutelsat Group confirms end of operations on EUTELSAT 113 West A satellite

Press release - 2 February 2024 16:46 Eutelsat Group confirms end of operations on EUTELSAT 113 West A satellite Facebook LinkedIn Twitter Download as PD...

29/01/2024

Eutelsat Group Trading update

Press release - 29 January 2024 07:17 Eutelsat Group Trading update Facebook LinkedIn Twitter Download as PDF THIS ANNOUNCEMENT CONTAINS INSIDE INFORMAT...

29/01/2024

Eutelsat Group concludes sale of OneWeb's stake in Airbus OneWeb Satellites LLC (AOS)

Photo credit: OneWeb Press release - 29 January 2024 16:40 Eutelsat Group c...

23/01/2024

FRENCH TELEVISION LAUNCHES FRANCE 2 IN UHD ON DTT WITH IMMEDIATE NATIONWIDE COVERAGE VIA EUTELSAT GROUP SUBSIDIARY FRANSAT

Copyright (c) 2015 dotshock/Shutterstock Press release - 23 January 2024 11:15...

19/01/2024

Eutelsat OneWeb supports Paratus South Africa for the launch of its South Africa Connectivity Services

Photo credit: Shutterstock Press release - 19 January 2024 12:57 Eutelsat O...

12/01/2024

EUTELSAT GROUP REAFFIRMS ITS SUPPORT TO FONDATION AILES DE FRANCE IN PARTNERSHIP WITH CNES

Photo credit: SIRPA AIR Press release - 12 January 2024 17:34 EUTELSAT GROUP...

15/12/2023

Kymeta Hawk u8 is the First Flat Panel Antenna to be approved on Eutelsat OneWeb's LEO Network for land mobility

Launched in March 2023, Kymeta's compact, low-power HawkTM u8 LEO terminal, ...

15/12/2023

Kymeta Hawk u8, premire antenne plate homologue pour la mobilit terrestre sur le rseau LEO d Eutelsat OneWeb

Lanc en mars 2023, le terminal HawkTM u8 de Kymeta, compact et peu gourmand en ...

06/12/2023

Vivacom and Eutelsat Group launch fourth European Ground Station in Bulgaria

Photo credit: Courtesy of United Group Vivacom Press release - 6 December 2023 18:00 Vivacom and Eutelsat Group launch fourth European Ground Station in Bu...

05/12/2023

Eutelsat OneWeb to collaborate with Imperial College London to support critical research for space weather monitoring

Photo Credit: Martin Archer / Imperial Press release - 5 December 2023 10:36 ...

29/11/2023

Eutelsat OneWeb and Hanwha Systems sign distribution agreement for the delivery of satellite connectivity in South Korea

Photo credit: Shutterstock Press release - 29 November 2023 10:53 Eutelsat ...

21/11/2023

Eutelsat OneWeb first to receive approval from Indian space regulator for satellite broadband services

Photo credit: Shutterstock Press release - 21 November 2023 16:51 Eutelsat O...

16/11/2023

Offshore Link Sat (OLS) strengthens partnership with Eutelsat Group for maritime connectivity off Brazilian coast

Photo credit: Shutterstock Press release - 16 November 2023 11:40 Offshore L...

15/11/2023

Chunghwa Telecom selects Eutelsat OneWeb for Low Earth Orbit (LEO) satellite services

Photo credit: Dr. Chih-Cheng Chien, President, Network Technology Group, Chunghw...

15/11/2023

NEC XON AND EUTELSAT ONEWEB SIGN DISTRIBUTION AGREEMENT FOR LEO CAPACITY IN SUB-SAHARAN AFRICA

Photo credit: Shutterstock Press release - 15 November 2023 14:04 NEC XON A...

13/11/2023

France Tlvisions chooses Eutelsat for UHD broadcasting solution to terrestrial and satellite networks across France

Photo credit: Shutterstock Press release - 13 November 2023 12:12 France T ...

08/11/2023

MediaMobil to leverage Eutelsat Group capacity to deliver global maritime connectivity

Photo credit: Shutterstock Press release - 8 November 2023 10:52 MediaMobi...

27/10/2023

PSSI Global Services selects Eutelsat Group to expand Live sports content delivery over North America

Photo credit: Shutterstock Press release - 27 October 2023 18:00 PSSI Global...

26/10/2023

Successful entry into service of the EUTELSAT KONNECT VHTS satellite, driving connectivity growth

Photo credit: Toys Films Press release - 26 October 2023 07:30 Successful en...

26/10/2023

FIRST QUARTER 2023-24 REVENUES

Press release - 26 October 2023 07:34 FIRST QUARTER 2023-24 REVENUES Facebook LinkedIn Twitter Download as PDF Operating Verticals revenues of 273 mill...

19/10/2023

EUTELSAT GROUP ANNOUNCES AMBITIOUS TARGETS TO REDUCE ITS CARBON IMPACT AND FIGHT CLIMATE CHANGE

Photo credit: Adrien Daste / Eutelsat Press release - 19 October 2023 17:55 ...

10/10/2023

Marlink signs multi-year agreement on EUTELSAT 10B for maritime connectivity over EMEA

Image: Shutterstock Press release - 10 October 2023 09:00 Marlink signs mult...

06/10/2023

EUTELSAT 117 West A selected by TV Azteca for its video distribution over Mexico

Photo credit: Shutterstock Press release - 6 October 2023 19:22 EUTELSAT 117 West A selected by TV Azteca for its video distribution over Mexico Facebook ...

29/09/2023

EUTELSAT GROUP ANNOUNCES ADMISSION TO TRADING ON THE LONDON STOCK EXCHANGE

Eutelsat Group Press release - 29 September 2023 09:05 EUTELSAT GROUP ANNOUNCES ADMISSION TO TRADING ON THE LONDON STOCK EXCHANGE Facebook LinkedIn Twitte...

28/09/2023

EUTELSAT AND ONEWEB COMBINATION HERALDS NEW ERA IN SPACE CONNECTIVITY AS WORLD'S FIRST GEO-LEO OPERATOR

Press release - 28 September 2023 11:31 EUTELSAT AND ONEWEB COMBINATION HERAL...

26/09/2023

Eutelsat and Can Marine to Enhance Global Maritime Connectivity over Asia-Pacific region

Copyright: Shutterstock Press release - 26 September 2023 07:30 Eutelsat an...

19/09/2023

Eutelsat and Eurovision Services sign new long-term partnership to deliver Live sports events over Europe and MENA

Copyright: Shutterstock Press release - 19 September 2023 17:45 Eutelsat and...

16/09/2023

DAZN complements streaming with satellite delivery to homes across Italy via HOTBIRD

Copyright: SHUTTERSTOCK Press release - 16 September 2023 08:30 DAZN complem...

15/09/2023

wedotv launches FAST platform on Eutelsat's HOTBIRD satellites for audiences in Italy

Copyright: Shutterstock Press release - 15 September 2023 07:30 wedotv laun...

14/09/2023

Eutelsat and NationalChip Deliver Ground-Breaking Sat.tv Features on Popular Set-Top Box Chipset

Photo credit: SHUTTERSTOCK Press release - 14 September 2023 17:45 Eutelsat ...

13/09/2023

Successful entry into service of EUTELSAT HOTBIRD 13F and HOTBIRD 13G satellites

Photo credit: TOYS FILMS Press release - 13 September 2023 07:30 Successful entry into service of EUTELSAT HOTBIRD 13F and HOTBIRD 13G satellites Facebook ...

05/09/2023

Eutelsat partners with Karista s Spacetech fund

Photo credit: Shutterstock Press release - 5 September 2023 07:31 Eutelsat partners with Karista s Spacetech fund Facebook LinkedIn Twitter Download as...

21/08/2023

NOTICE OF ORDINARY AND EXTRAORDINARY GENERAL MEETING OF EUTELSAT SHAREHOLDERS

Press release - 21 August 2023 07:37 NOTICE OF ORDINARY AND EXTRAORDINARY GENERAL MEETING OF EUTELSAT SHAREHOLDERS Facebook LinkedIn Twitter Download as P...

07/08/2023

Eutelsat and Thaicom to Partner for New Software-Defined Satellite over Asia

Press release - 7 August 2023 07:00 Eutelsat and Thaicom to Partner for New Software-Defined Satellite over Asia Facebook LinkedIn Twitter Download as PD...

07/08/2023

AVS Leverages Optimum Coverage of EUTELSAT 65 West A Satellite over Brazil to Expand Its Broadcast Services

EUTELSAT 65 West A _ Credit: TOYS Film Press release - 7 August 2023 17:46 ...

28/07/2023

FULL YEAR 2022-23 RESULTS

Photo credit: Agency R.E.A. Press release - 28 July 2023 07:33 FULL YEAR 2022-23 RESULTS Facebook LinkedIn Twitter Download as PDF All Full Year 2022-2...