Eutelsat Communications S.A. (EUTLF, ETL.PA), a French satellite telecommunications operator, on Tuesday announced a multi-million-dollar agreement extension with Panasonic Avionics Corp. of a capacity deal on the EUTELSAT 10B satellite.
The multi-year deal, serving the inflight connectivity market, covers both the duration and volume of the previous agreement.
With the contract extension, Panasonic Avionics, an anchor customer on EUTELSAT 10B, aims to boost its Ku-band connectivity network, improving airline customers' connectivity for airlines in the regions.
Eutelsat noted that Panasonic Avionics leverages multiple gigahertz of capacity on the multi-beam high throughput Ku-band payloads. One covers the North Atlantic corridor, Europe, the Mediterranean basin and the Middle East and the second extends coverage of the Atlantic, as the African, and the Indian Ocean.
Eutelsat is currently trading 1.76% lesser at EUR 3.92 on the Paris Stock Exchange.
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