Eutelsat invests USD 550 million for 24% stake in OneWeb

News Video Global 28 APR 2021
Eutelsat invests USD 550 million for 24% stake in OneWeb

Global satellite network OneWeb has secured USD 550 million in funding from Eutelsat Communications, bringing total funding to USD 1.9 billion. Eutelsat joins the UK government, Bharti Global and SoftBank as key investors in OneWeb, getting an equity stake of around 24 percent and similar governance rights to the UK government and Bharti. 

The collaboration with GEO satellite operator Eutelsat will provide new customer opportunities for OneWeb, which operates a fleet of LEO satellites. The Eutelsat investment is expected to be completed in H2 2021, subject to regulatory approvals. 

Categories:

Satellite

Companies:

Eutelsat,  Softbank,  OneWeb

Regions:

Global

Tags:

Data services, Devices, Company, Services, Cooperations & alliances, Network equipment, Network operations services, Corporate, Internet Access, Consumer, Enterprise, Client, M&A buyouts & divestments

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