Eutelsat: OneWeb revenue reached $50M by end-June; terminal delivery delays to reduce OneWeb’s FY 2024 revenue

by Peter B. de Selding

UPDATE July 31: This story was updated to add comment from the German Aerospace Center, DLR, on leasing the Eutelsat 13F satellite to occupy German-registered radio frequency.

TUPPER LAKE, NY — Revenue from the OneWeb broadband satellite constellation will not meet its fiscal-year 2024 forecast because of delays in the delivery of terminals, particularly flat-panel antennas, for certain business applications, future OneWeb owner Eutelsat said.

The delays will trim OneWeb’s forecasted revenue for the 12 months ending June 30,2024, to $175 million at . . .

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