v3.26.1
Intangible Assets (Tables)
 12 Months Ended
Dec. 31, 2025
Disclosure of reconciliation of changes in intangible assets and goodwill [abstract]  
Schedule Of Reconciliation Of Changes In Intangible Assets And Goodwill
€ million
 
 
 
 
Goodwill
 
 
Orbital slot
licence rights
(definite life)
 
 
Customer
relationships
 
 
Other
definite life
intangibles
 
 
Internally
generated
development
costs
 
 
Total
 
Cost
 
 
 
 
 
 
 
As at 1 January 2025
 
 
 
143
 
 
 
2,406
 
 
 
287
 
 
 
347
 
 
 
14
 
 
 
3,197
 
Additions
 
 
 
— 
 
 
 
— 
 
 
 
— 
 
 
 
12
 
 
 
14
 
 
 
26
 
Business combination
 
 
Note 4
 
 
 
1,700
 
 
 
242
 
 
 
132
 
 
 
86
 
 
 
— 
 
 
 
2,160
 
Retirement
 
 
 
— 
 
 
 
— 
 
 
 
— 
 
 
 
(28
) 
 
 
— 
 
 
 
(28
) 
Transfers to other definite life intangibles
 
 
 
— 
 
 
 
— 
 
 
 
— 
 
 
 
8
 
 
 
(8
) 
 
 
— 
 
Transfers from assets under construction
 
 
 
— 
 
 
 
— 
 
 
 
— 
 
 
 
7
 
 
 
18
 
 
 
25
 
Impact of currency translation
 
 
 
(35
) 
 
 
(231
) 
 
 
(36
) 
 
 
(9
) 
 
 
(1
) 
 
 
(312
) 
As at 31 December
 
 
 
1,808
 
 
 
2,417
 
 
 
383
 
 
 
423
 
 
 
37
 
 
 
5,068
 
Amortisation
 
 
 
 
 
 
 
As at 1 January 2025
 
 
 
— 
 
 
 
(1,929
) 
 
 
(61
) 
 
 
(299
) 
 
 
— 
 
 
 
(2,289
) 
Amortisation
 
 
 
— 
 
 
 
(71
) 
 
 
(25
) 
 
 
(44
) 
 
 
— 
 
 
 
(140
) 
Impairment expense
 
 
 
— 
 
 
 
(99
) 
 
 
— 
 
 
 
— 
 
 
 
— 
 
 
 
(99
) 
Impairment reversals
 
 
 
— 
 
 
 
26
 
 
 
— 
 
 
 
— 
 
 
 
— 
 
 
 
26
 
Retirement
 
 
 
— 
 
 
 
— 
 
 
 
— 
 
 
 
28
 
 
 
— 
 
 
 
28
 
Impact of currency translation
 
 
 
— 
 
 
 
201
 
 
 
9
 
 
 
6
 
 
 
— 
 
 
 
216
 
As at 31 December 2025
 
 
 
— 
 
 
 
(1,872
) 
 
 
(77
) 
 
 
(309
) 
 
 
— 
 
 
 
(2,258
) 
Book value as at 31 December
 
 
 
1,808
 
 
 
545
 
 
 
306
 
 
 
114
 
 
 
37
 
 
 
2,810
 
 
€ million
   Orbital
slot licence
rights
(indefinite-
life)		     Goodwill     Orbital slot
licence rights
(definite life)		     Customer
relationships		     Other
definite life
intangibles		     Internally
generated
development
costs		     Total  
Cost
              
As at 1 January 2024
  
 
2,124
 
  
 
140
 
  
 
234
 
  
 
292
 
  
 
462
 
  
 
22
 
  
 
3,274
 
Additions
     —        —        1       —        4       18       23  
Disposals
     —        —        —        —        —        —        —   
Retirement
1
     —        —        (80 )      —        (158 )      —        (238 ) 
Transfer to definite life
     (2,124 )      —        2,134       —        (10 )      —        —   
Transfers from/(to) assets in the course of construction (Note 16)
     —        —        —        —        45       (27 )      18  
Impact of currency translation
     —        3       117       (5 )      4       1       120  
As at 31 December 2024
  
 
—
 
  
 
143
 
  
 
2,406
 
  
 
287
 
  
 
347
 
  
 
14
 
  
 
3,197
 
Amortisation
              
As at 1 January 2024
  
 
(1,798
) 
  
 
— 
 
  
 
(127
) 
  
 
(27
) 
  
 
(402
) 
  
 
— 
 
  
 
(2,354
) 
Amortisation
     —        —        (72 )      (31 )      (53 )      —        (156 ) 
Impairment reversals
     —        —        93       —        —        —        93  
Retirement
1
     —        —        80       —        158       —        238  
Transfer to definite life
     1,798       —        (1,798 )      —        —        —        —   
Impact of currency translation
     —        —        (105 )      (3 )      (2 )      —        (110 ) 
As at 31 December 2024
  
 
— 
 
  
 
— 
 
  
 
(1,929
) 
  
 
(61
) 
  
 
(299
) 
  
 
— 
 
  
 
(2,289
) 
Net book value as at 31 December 2024
  
 
— 
 
  
 
143
 
  
 
477
 
  
 
226
 
  
 
48
 
  
 
14
 
  
 
908
 
 
1
Orbital slot retirements related to 85°W, 105.5°W, 68.5°W, 65°E, 63°E, and certain rights at 129°W.
 
€ million
 
Orbital
slot licence
rights
(indefinite-
life)
 
 
Goodwill
 
 
Orbital slot
licence rights
(definite life)
 
 
Customer
relationships
 
 
Other
definite life
intangibles
 
 
Internally
generated
development
costs
 
 
Total
 
Cost
 
 
 
 
 
 
 
As at 1 January 2023
  
 
2,193
 
  
 
2,740
 
  
 
234
 
  
 
292
 
  
 
507
 
  
 
51
 
  
 
6,017
 
Additions
     —        —        —        —        2       20       22  
Disposals
     —        —        —        —        —        —        —   
Retirement
1
     —        (2,500 )      —        —        (111 )      —        (2,611 )
Transfers from/(to) assets in course of construction
     —        —        —        —        69       (49 )      20  
Impact of currency translation
     (69 )      (100 )      —        —        (5 )      —        (174 ) 
As at 31 December 2023
  
 
2,124
 
  
 
140
 
  
 
234
 
  
 
292
 
  
 
462
 
  
 
22
 
  
 
3,274
 
Amortisation
              
As at 1 January 2023
  
 
(139
) 
  
 
(1,002
)
  
 
(113
) 
  
 
(8
) 
  
 
(464
) 
  
 
— 
 
  
 
(1,726
)
Amortisation
     —        —        (13 )      (19 )      (57 )      —        (89 ) 
Impairment
     (1,677 )     (1,548 )     —        —        —        —        (3,225 )
Retirement
1
     —        2,500       —        —        111       —        2,611  
Impact of currency translation
     18       50       (1 )     —        8       —        75  
As at 31 December 2023
  
 
(1,798
)
  
 
— 
 
  
 
(127
) 
  
 
(27
) 
  
 
(402
) 
  
 
— 
 
  
 
(2,354
)
Net book value as at 31 December 2023
  
 
326
 
  
 
140
 
  
 
107
 
  
 
265
 
  
 
60
 
  
 
22
 
  
 
920
 
 
1
Goodwill retirements of the period relate primarily to those elements of brought forward goodwill from which no future economic benefits are expected. This includes all goodwill associated with the GEO North America, GEO International and MEO cash-generating units. Similarly, the retirements of fully amortised other definite life intangibles represent items from which no future economic benefits are expected.
Schedule Of Definite Life Intangible Assets
The definite-life intangible assets as at 31 December 2025 have a net book value by country as presented below:
 
2025
€ million
  
Orbital slot
licence rights
 
  
Customer
relationships
 
  
Other
 
United States of America
  
 
307
 
  
 
306
 
  
 
94
 
Luxembourg
  
 
134
 
  
 
— 
 
  
 
49
 
Netherlands
  
 
59
 
  
 
— 
 
  
 
— 
 
Sweden
  
 
37
 
  
 
— 
 
  
 
— 
 
Brazil
  
 
8
 
  
 
— 
 
  
 
1
 
Germany
  
 
— 
 
  
 
— 
 
  
 
5
 
Other
  
 
— 
 
  
 
— 
 
  
 
2
 
  
 
 
 
  
 
 
 
  
 
 
 
Total
  
 
545
 
  
 
306
 
  
 
151
 
  
 
 
 
  
 
 
 
  
 
 
 
The definite-life intangible assets as at 31 December 2024 have a net book value by country as presented below:
 
2024
€ million
  
Orbital slot
licence rights
 
  
Customer
relationships
 
  
Other
 
United States of America
      116        226        8  
Luxembourg
      143        —         44  
Netherlands
      169        —         —   
Sweden
      39        —         —   
Brazil
      7        —         1  
Germany
      —         —         6  
Other
      3        —         3  
  
 
 
     
 
 
     
 
 
  
Total
   
 
477
 
   
 
226
 
   
 
62
 
  
 
 
     
 
 
     
 
 
  
The definite-life intangible assets as at 31 December 2023 have a net book value by country as presented below:
 
2023
€ million
  
Orbital slot
licence rights
 
  
Customer
relationships
 
  
Other
1
 
United States of America
      —         265        3  
Luxembourg
      105        —         46  
Brazil
      2        —         1  
Germany
      —         —         9  
Other
*
      —         —         1  
  
 
 
     
 
 
     
 
 
  
Total
     
107
       
265
       
60
 
  
 
 
     
 
 
     
 
 
  
 
*
 
Updated to include internally generated development costs