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Eutelsat Cuts Russian Satellite Contracts Amid Sanctions

3/14/2026

34 8 Full Breakdown

Summary

Story summary

Eutelsat Communications terminated capacity contracts on two Russian satellites, Express AT1 and Express AT2, after Express AT1 failed and AT2 was due for relocation.
The decision will reduce fiscal year 2025-26 revenues by a low single-digit million euros, with virtually no impact on EBITDA.
Eutelsat's GEO fleet is now 31 satellites, down from 33.
The move aligns with sanctions against Russia.
Video services revenue fell 12.3%.

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Story summary

Eutelsat Communications terminated capacity contracts on two Russian satellites, Express AT1 and Express AT2, after Express AT1 failed and AT2 was due for relocation.
The decision will reduce fiscal year 2025-26 revenues by a low single-digit million euros, with virtually no impact on EBITDA.
Eutelsat's GEO fleet is now 31 satellites, down from 33.
The move aligns with sanctions against Russia.
Video services revenue fell 12.3%.