Eutelsat Reports Strong LEO Gains as Connectivity Demand Surges in Africa and MENA
The satellite operator posted revenues of €1.24 billion, representing a 2.5% increase year-on-year. Notably, LEO revenues surged by over 80%, reaching €187 million and now accounting for approximately 15% of the Group’s total.
Eutelsat Communications has announced its full-year financial results for FY 2024–25, marking significant progress in its low Earth orbit (LEO) strategy and reinforcing its commitment to digital inclusion across underserved regions, particularly Africa and the Middle East.
The satellite operator posted revenues of €1.24 billion, representing a 2.5% increase year-on-year. Notably, LEO revenues surged by over 80%, reaching €187 million and now accounting for approximately 15% of the Group’s total. This momentum reflects rising demand for affordable, scalable, and rapid-deployment connectivity solutions—particularly in areas beyond the reach of terrestrial networks.
Connecting Africa: A Tangible Impact
Eutelsat’s Konnect initiative delivered high-speed internet to nearly one million people in rural Sub-Saharan Africa by June 2025, achieving this goal two years ahead of schedule under the ITU-led Partner2Connect Digital Coalition. Using Wi-Fi hotspots powered by the EUTELSAT KONNECT satellite, the project directly addresses Africa’s digital divide and aligns with the UN Sustainable Development Goals.
In the fixed connectivity segment, where Eutelsat recorded a 4.3% growth year-on-year, LEO-enabled solutions played a leading role. June 2025 also saw Eutelsat and Orange sign a landmark agreement to integrate LEO capacity into Orange’s portfolio, enabling broader enterprise and government connectivity—including mobile backhaul—in Africa and beyond.
Government Services on the Rise
Government Services revenue increased by 24% to €211 million, reflecting increased uptake of LEO capacity in conflict-affected and remote areas. This includes ongoing deployments in Ukraine and expanded demand from non-US government agencies, including those in Africa and the MENA region.
The company also extended its long-term partnership with MBS, a major European connectivity service provider, to deliver OneWeb LEO services to institutional clients across Europe and MENA.
Future Outlook: Focus on LEO and Expansion
Looking ahead, Eutelsat expects LEO revenues to grow another 50% in FY 2025–26, driven by additional satellite orders and rising demand across emerging markets. A capital increase of €1.5 billion, backed by the French State, Bharti, and His Majesty’s Government (UK), will support further investment in LEO infrastructure, including the development of the IRIS² constellation.
CEO Jean-François Fallacher stated:
“FY 2024-25 results were in line with our objectives, and the year was marked by genuine traction in our LEO revenues, which grew by over 80%, and now represent 15% of revenues. I am excited to take the helm of Eutelsat as it enters a new chapter, centred on the deployment of LEO, a revolution for the satellite industry. Thanks to its differentiated GEO-LEO positioning and global coverage, Eutelsat is ready to become a central player in the development of the European sovereign space of tomorrow and beyond, as showcased by the framework agreement with the French military. Finally, the recently announced €1.5 billion capital increase will give Eutelsat the requisite financing to implement its strategic roadmap, enabling us to deliver growth and value for all our stakeholders.”
– Jean-François Fallacher, CEO, Eutelsat
Bridging the Digital Divide: More Than Just a Mission
Eutelsat’s FY 2024–25 results reaffirm its role as a key enabler of connectivity in Africa and the Middle East. As fibre expansion remains slow and costly in remote areas, satellite—especially LEO—presents a practical, high-performance alternative. The coming year will likely see deeper public-private partnerships and greater satellite integration into national broadband agendas.
