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Eutelsat Communications ( (FR:ETL) ) has issued an update.
Eutelsat Group has announced changes to its Board of Directors to enhance decision-making agility in the rapidly evolving satellite industry. Four directors, Mia Brunell, Esther Gaide, Cynthia Gordon, and Fleur Pellerin, have resigned, while Michel Combes, a telecommunications expert, has been appointed as an independent board member. Dominique D’Hinnin has also announced his intention to retire from the Chairmanship. These strategic changes are set to support Eutelsat as it enters a new phase of satellite communications, potentially impacting the company’s operational dynamics and industry positioning.
More about Eutelsat Communications
Eutelsat Group is a global leader in satellite communications, providing connectivity and broadcast services worldwide. Formed by merging with OneWeb in 2023, Eutelsat is the first fully integrated GEO-LEO satellite operator, operating a fleet of 35 Geostationary satellites and over 600 Low Earth Orbit satellites. The company focuses on four key verticals: Video distribution, Mobile Connectivity, Fixed Connectivity, and Government Services, and is committed to delivering safe and environmentally sustainable connectivity. Eutelsat is listed on the Euronext Paris and London Stock Exchange.
YTD Price Performance: -24.26%
Average Trading Volume: 1,025
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $849.3M
See more data about ETL stock on TipRanks’ Stock Analysis page.
