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EU project to rival Starlink must meet buyer expectations, Eutelsat CEO says

Published by Global Banking & Finance Review

Posted on February 13, 2026

2 min read

· Last updated: February 13, 2026

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EU project to rival Starlink must meet buyer expectations, Eutelsat CEO says
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By Gianluca Lo Nostro and Maria Rugamer PARIS, Feb 13 (Reuters) - Eutelsat said on Friday that Europe's planned IRIS2 satellite network must meet customer expectations in terms of pricing and

Eutelsat CEO: IRIS2 Satellite Network Must Meet Market Demands

Eutelsat's Vision for the IRIS2 Satellite Network

By Gianluca Lo Nostro and Maria Rugamer

Market Expectations and Competitive Landscape

PARIS, Feb 13 (Reuters) - Eutelsat said on Friday that Europe's planned IRIS2 satellite network must meet customer expectations in terms of pricing and performance to attract buyers, following remarks from major telecoms companies about the project's commercial appeal.

Project Budget and Timeline

Eutelsat CEO Jean‑François Fallacher told reporters that comments made by Orange and Deutsche Telekom reflected what he was hearing across the market.

Future of OneWeb Satellites

"In my opinion, customers are expecting competitive services and competitive prices," he said.

Executives from Orange and Telekom, subcontractors in the consortium building IRIS2, said at an industry event in January that the European Union programme would have to deliver performances close to Elon Musk's Starlink and Amazon's LEO.

Both operators told Reuters they fully support the IRIS2 constellation, which is expected to start operating around 2029.

Orange said a European system must be competitive with Starlink and Amazon's planned low Earth orbit network, and that Europe should avoid fragmentation by aligning efforts behind a single solution.

Telekom said customers would ultimately choose based on performance, security and cost, and that IRIS2 was being developed to meet those expectations.

Fallacher said the IRIS2 project, which has a budget of about 10.6 billion euros ($12.6 billion), was being designed to deliver competitive services. He described the cost as significant but appropriate for a system of that scale.

Eutelsat plans to launch its next-generation OneWeb satellites along with IRIS2 after 2030, Fallacher added.

OneWeb's second‑generation satellites are meant to be far more advanced than the current network, set to be replenished with slightly updated versions.

But despite an early lead in serving polar regions, the first‑generation fleet of 600 currently in service is based on technology designed a decade ago.

U.S. rivals Starlink - whose network already reaches 9,000 satellites - and Amazon are moving ahead with plans to deploy thousands of newer satellites.

($1 = 0.8430 euros)

(Reporting by Gianluca Lo Nostro in Paris and Maria Rugamer in Gdansk; Editing by Milla Nissi-Prussak)

Key Takeaways

  • Eutelsat's IRIS2 must meet customer expectations for success.
  • IRIS2 aims to compete with Starlink and Amazon's LEO networks.
  • The project has a budget of 10.6 billion euros.
  • IRIS2 is expected to start operating around 2029.
  • OneWeb's next-gen satellites to launch post-2030.

Frequently Asked Questions

What is the IRIS2 satellite network?
The IRIS2 satellite network is a planned European satellite system aimed at providing competitive telecommunications services, designed to meet market demands for pricing and performance.
What is OneWeb?
OneWeb is a global telecommunications company that aims to provide internet access through a network of low Earth orbit satellites.
What is the significance of competitive pricing in telecommunications?
Competitive pricing in telecommunications is crucial as it attracts customers, drives market growth, and encourages innovation among service providers.

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