Eutelsat has announced the termination of its contracts for satellite capacity on the RSCC-owned Express AT1 and Express AT2 satellites following operational changes affecting both spacecraft.
The termination follows the failure of RSCC’s Express AT1 satellite located at the 56° East position, and the planned relocation of the Express AT2 satellite from its current position at 140° East.
Eutelsat had contracted leases for capacity on these satellites to complement coverage provided by the Eutelsat 36C and 36D satellites located at 36° East.
The termination of these agreements will have a low single-digit million impact on revenues, and virtually no impact on EBITDA in FY 2025-26. It does not alter any of the elements of Eutelsat’s financial objectives.
Further to the termination of these contracts, Eutelsat’s GEO fleet now stands at 31 satellites versus 33 previously.
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