Eutelsat expects 11B revenue from EU IRIS2 project
Eutelsat projects over eleven billion dollars in commercial revenue as it leads the European Union IRIS2 satellite internet network. The major contract boosts the backlog despite a slight drop in first quarter revenue.
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EUTELSAT COMMUNICATIONS expects commercial services revenue of more than $11.1 billion between 2032 and 2040 as it leads the European Union's IRIS² satellite network. The forecast highlights a major pivot for the operator as it works to offset declining video broadcasting revenue with satellite internet services. The Franco-British operator is positioned to capture significant market share as France and the United Kingdom seek alternatives to United States technology.
