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  "documentTitle": "Eutelsat | Results Presentation Deck | 30 slides",
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  "authorName": "Eutelsat Group",
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  "presentationDate": "2024-03-01 00:00:00",
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      "text": "Approval of the combination in Sept 2023\nConstellation operational and delivering proven performance\nBacklog up 23% in past quarter, now standing at €700m\nStrong commercial traction with deals activated with major customers\nProgress on ground roll-out following delays: aiming at 90% coverage by mid-2024\nSynergies confirmed:",
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      "text": "In terms of revenues, Eutelsat is leveraging the LEO commercial opportunity, while there is a high level of customer interest in multi-orbit LEO/GEO services in all applications\nCost synergies fully on rack with scope to exceed original plan\nCapex synergies also confirmed, with design of Next Generation OneWeb constellation around stepwise capacity and functionality improvements",
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      "text": "1) Converted into Euros and excluding intercompany deals, including the $275m Take-or-Pay agreement with Eutelsat\n2) Annual expected run-rate pre-tax cost synergies over €80m by Year 5 of the combination",
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      "kind": "title",
      "text": "Eutelsat / OneWeb combination is live",
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      "evidence": "The document highlights the rationale for the Eutelsat OneWeb combination and the strong momentum in deals with major partners.",
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