Eutelsat's strategic pivot represents a classic case of managed decline, a maneuver designed to stave off obsolescence in a rapidly fragmenting communications landscape. The 80/20 split highlights a fundamental tension: the relative stability of established GEO orbits – providing mature, albeit increasingly contested, bandwidth – versus the disruptive potential of LEO constellations promising lower latency and new service offerings. The company’s insistence on maintaining its ground assets, desp...