NEWS
EUTELSAT KONNECT to provide fixed , mobile , government connectivity across North Africa
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EUTELSAT KONNECT VHTS , a very high throughput satellite built by Thales Alenia Space , will provide fixed , mobile and government connectivity across Europe , North Africa and Middle East . Delivering 230 beams and with a Ka-band capacity of 500 Gbps , EUTELSAT KONNECT VHTS is the largest geostationary satellite to date in Europe .
It embarks the most powerful on-board digital processor ever put in orbit , offering capacity allocation flexibility , optimal spectrum use , and progressive ground network deployment .
This state-of-the-art satellite , with capacity seven times that of the previous generation EUTELSAT KONNECT , enters service with several major committed customers , namely Orange via its Nordnet affiliate for the French coverage , Telecom Italia Mobile over Italy , and Thales Alenia Space to serve notably government connectivity services .
Totaling € 450m , these commitments underpin Eutelsat Group ’ s revenue growth objectives in the coming years .
Eutelsat Group CEO Eva Berneke commented : “ The entry into service of the state-of-the-art EUTELSAT KONNECT VHTS is an important milestone for the Group , showcasing once again our vendorship in innovation , and our commitment to bringing connectivity to the next level in Europe to help bridge the digital divide .
With its ability to accommodate joint GEO- LEO services , specifically in zones where demand is highly concentrated , EUTELSAT KONNECT VHTS represents a key asset in the Group ’ s offering going forward . Moreover , its substantial precommitments are a testament to the significant demand for satellite connectivity , even in developed markets .”
Eutelsat Group is a global vendor in satellite communications , delivering connectivity and broadcast services worldwide . The Group was formed through the combination of Eutelsat and OneWeb in 2023 , becoming the first fully integrated GEO-LEO satellite operator with a fleet of 36 Geostationary satellites and a Low Earth Orbit , LEO constellation of more than 600 satellites .
dLocal and ACE Money Transfer partner to boost corridors of payment into Africa
DLO , the technology-first payments partner for global companies expanding into emerging markets , has partnered with ACE Money Transfer , a UK-based online international remittances service provider , to strengthen payout services across APAC and EMEA .
EMEA countries recorded $ 79 billion in remittances in FY22 , which is 19 % higher than the preceding year , FY21 . APAC countries observed a mere 0.7 % increase in remittances , reaching $ 130 billion in FY22 . Strategic collaborations between financial institutions like ACE Money Transfer and dLocal can foster significant growth in remittance inflows to these regions through streamlined , secure , fast , and convenient processes .
Using ACE Money Transfer and dLocal , customers in the UK , Europe , Canada , Australia , and Switzerland can instantly transfer money to several corridors across
APAC and EMEA through payment channels such as Bank Transfers and Wallet Payments .
The new partnership furthers dLocal ’ s mission to build the best payment infrastructure in emerging markets , fostering fast , convenient , secure , and economical remittance solutions for expatriates . This is key to addressing digital divides in developing regions and supporting people at a local level .
The partnership between dLocal and ACE Money Transfer marks a pivotal advancement in the financial technology sector , particularly concerning cross-border transactions . This alliance not only stands to bolster the economic links between APAC and EMEA and the diaspora communities in the UK , Europe , Canada , Australia , and Switzerland , but it also promises a future where financial inclusivity is within reach for global citizens .
Through the One dLocal platform , one direct API , one platform , and one contract , global companies can accept payments , send pay-outs and settle funds globally without the need to manage separate pay-in and pay-out processors , set up numerous local entities , and integrate multiple acquirers and payment methods in each market . p
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