French communications satellite network provider Eutelsat has finally announced its ELO constellation, which will use a low earth orbit (LEO) to provide Sigfox connectivity to devices on the ground. However, at only 25 planned nanosatellites, this is a small constellation, and one that is going to face availability pressure from the other nanosatellite upstarts. There is also the question of motivation for Eutelsat, a company with annual revenues of €1.32bn and a net income of €357mn. Why does it want to expand into the LPWAN market if it is already making bank in conventional satellite communication? Well, the answer seems to be that this is a very low-cost project, from its perspective, with very high potential upside. We first learned…