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Eutelsat raises stake in LEO satellite company OneWeb

Wednesday 6 October 2021 | 11:08 CET | News
Eutelsat has announced that its holding in Low Earth Orbit (LEO) satellite company OneWeb has increased from 17.6 percent to 22.9 percent. This was achieved by exercising a call option on a portion of the latest OneWeb funding round subscribed by Bharti Global, said Eutelsat. In recent months, OneWeb received confidence from existing and new investors, with Bharti agreeing a further USD 500 million injection in late June, and business conglomerate Hanwha buying a 8.8 percent stake in the company for USD 300 million in mid-August.

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Categories: Broadcast & Satellite
Companies: Eutelsat / OneWeb
Countries: World
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