Eutelsat Conducts World’s First 5G Satellite Trial, Shares Surge 9%

Eutelsat successfully completed the world’s first 5G Non-Terrestrial Network (NTN) trial using OneWeb’s low Earth orbit (LEO) satellites, boosting its shares by 9% on Monday. The trial is part of the European Commission’s IRIS² program, which aims to expand global internet access through satellite investments. The initiative will deploy 270 LEO satellites and 18 medium Earth orbit (MEO) satellites, with full operation expected by 2030. The test involved equipment from Airbus, MediaTek, Sharp, and Rohde & Schwarz, demonstrating potential cost reductions in satellite broadband for 5G devices. The breakthrough underscores Europe’s push for independent satellite connectivity and global 5G expansion.

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