TAMPA, Fla. — Strong government demand helped send Eutelsat’s low Earth orbit (LEO) revenues soaring 84% over the past 12 months, although the French operator expects its legacy geostationary business to continue weighing on profits in the year ahead.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...