Eutelsat Terminates Contracts with Russian Operator RSCC Following Satellite Malfunction
Eutelsat has announced the termination of its contracts concerning the capacities of the Express AT1 and AT2 satellites operated by the Russian operator RSCC. This decision follows the malfunction of the Express AT1 satellite positioned at 56° East and the planned repositioning of the Express AT2 satellite from its position at 140° East.
Contract Termination with RSCC
Eutelsat has terminated its contracts with RSCC relating to the capacities provided by the Express AT1 and Express AT2 satellites. These contracts were intended to complement the coverage provided by the Eutelsat 36C and 36D satellites positioned at 36° East. The Express AT1 satellite, operated by RSCC at 56° East, experienced a malfunction. Concurrently, RSCC is repositioning the Express AT2 satellite from its current position at 140° East.
Financial Impact Assessment
Eutelsat estimates the impact of this termination on the group's revenue to be at the lower end of the single-digit million euro range. The group indicates that the termination will have virtually no impact on EBITDA for the 2025-26 fiscal year and does not jeopardize the achievement of any of the components of Eutelsat's financial objectives. Following this termination, Eutelsat's geostationary (GEO) fleet will now consist of 31 satellites, down from 33 previously.
Details on Termination and Financial Impact
The press release does not specify the effective date of the termination or the exact amount of the impact on revenue, which is only described as being at the lower end of the single-digit million euro range.
