Core Insights - Eutelsat Group has partnered with SoftBank Group to enhance satellite communication services in Japan, integrating Eutelsat's OneWeb Low-Earth Orbit (LEO) connectivity into SoftBank's offerings [1] - The collaboration aims to improve broadband capabilities and provide secure communication services through SoftBank's SmartVPN network [2] - Regulatory support from Japan's Ministry of Internal Affairs and Communications has facilitated the partnership, granting necessary licenses for operation [3] Eutelsat's Strategic Partnerships - Eutelsat has been actively forming partnerships to drive digital transformation, including a renewed multi-year deal with Honduras-based Cable Color for video broadcast capacity [4] - In April 2024, Eutelsat signed a multi-year agreement with La Gran Carpa Catedral to expand TV channel delivery across the Middle East, North Africa, and Europe [5] - Additional multi-year partnerships have been established with companies like Sat One, NEC XON, and Intelsat [5] Market Position and Stock Performance - The partnership with SoftBank positions Eutelsat to meet the evolving digital needs of businesses, potentially driving top-line growth and improving stock performance [6] - Eutelsat currently holds a Zacks Rank 3 (Hold), with shares having lost 14.7% over the past year, compared to a 31.9% decline in the industry [7]
Eutelsat, SoftBank Team Up to Boost Connectivity: Stock to Gain?