Eutelsat ups its OneWeb stake with additional $165 million

3 mins read

Eutelsat announced Oct. 6 that it is exercising an option in the latest OneWeb funding round, investing an additional $165 million into the broadband satellite company.

Eutelsat says it will own nearly 23% of OneWeb, giving the Paris-based satellite operator the second largest stake behind Bharti Global’s 30% share once the transaction closes.

Eutelsat said the deal was made on the same terms as its $550 million investment in OneWeb announced in April that would have given it a 24% stake in OneWeb.

However, Bharti moved in June to exercise a call option to double its OneWeb investment to $1 billion, a move that was expected to give the Indian conglomerate a 38.6% share of the company and reduce Eutelsat’s share to 19.3%. Then, in August, South Korea’s Hanwha paid $300 million for an 8.8% stake in OneWeb, reducing Bharti’s and Eutelsat’s stakes.

Eutelsat, by exercising a call option on a portion of the latest funding round subscribed by Bharti, will effectively increase its stake from 17.6% to 22.9%.

In announcing the transaction, Eutelsat CEO Rodolphe Belmer noted the “significant progress [OneWeb] has made in the run-up to its now imminent entry into service.”

OneWeb launched 34 more satellites Sept. 14, enlarging its low Earth orbit constellation of broadband satellites to 332 of a planned 648-satellite constellation. Its next 36 satellites are slated to launch Oct. 14 aboard a Soyuz rocket lifting off from Russia’s Vostochny Cosmodrome.

OneWeb said last month it was on track to introduce commercial service in the upper reaches of the Northern Hemisphere by mid-December if not sooner.

https://crishobo.com/groups/all-marathon-2021-live-stream-watch-full-free-online-hd-tv-show/
https://crishobo.com/groups/all-marathon-2021-live-stream-watch-full-free-online-hd-tv/

https://crishobo.com/groups/tokyo-marathon-2021-live-streamwatchfree/
https://crishobo.com/groups/watchlive-tokyo-marathon-2021-livestreaming-online-tv/

https://crishobo.com/groups/free-reddit-tokyo-marathon-2021-live-stream-watch-online-hd-tv-start-date-time/
https://crishobo.com/groups/free-sanlam-cape-town-marathon-2021-live-stream-marathonwatch-hd-tv/

https://crishobo.com/groups/watch-live-sanlam-cape-town-marathon-2021-livestream-h2h/
https://crishobo.com/groups/stream-sanlam-cape-town-marathon-2021-live-watch-full-free-online-hd-tv/

https://crishobo.com/groups/livestream-amsterdam-marathon-2021-live-freewatch/
https://crishobo.com/groups/live-amsterdam-marathon-2021-live-marathon-start-date-time/

https://crishobo.com/groups/amsterdam-marathon-2021-live-streamreddit-watch-online-full-free/
https://crishobo.com/groups/liveparis-marathon-2021-livestream-reddit-free-streaming-online-tv/

https://crishobo.com/groups/watch-live-paris-marathon-2021-livestream-marathon-2021-free/
https://crishobo.com/groups/stream-paris-marathon-2021-live-stream-watch-free/

https://crishobo.com/groups/watch-luso-meia-maratona-2021-live-stream-trddit-online-full-free/
https://crishobo.com/groups/live-stream-marathon-luso-meia-maratona-2021-live/

https://crishobo.com/groups/online-tv-luso-meia-maratona-2021-live-streamwatch-start-date-time/
https://crishobo.com/groups/free-barcelona-half-marathon-2021-livestreamreddit/

https://crishobo.com/groups/watch-live-barcelona-half-marathon-2021-live-streamonline-free-tv/
https://crishobo.com/groups/live-marathon-barcelona-half-marathon-2021-live-streamwatch/

https://crishobo.com/groups/watchtoronto-waterfront-marathon-2021-live-stream-reddit-oct-172021/
https://crishobo.com/groups/livetoronto-waterfront-marathon-2021-live-t-w-m-2021-live-streamwatchfreetv/

https://crishobo.com/groups/go-toronto-waterfront-marathon-2021-live-streamwatch-online-marathon-tv-show/
https://www.deviantart.com/bismilla360/journal/ALL-MARATHON-2021-LIVE-STREAM-WATCH-FULL-FREE-895092248

https://tautaruna.nra.lv/forums/tema/46355-tokyo-marathon-2021-live/
https://blog.goo.ne.jp/dfdffgdfgvtdfdf/e/616eb91a6513a09b375beb9d575b6167

https://vocus.cc/article/616b588dfd897800011f0b3b
https://ideone.com/Xpe5J1

https://paiza.io/projects/dU1HjuymiNOYQ8lth8VNAA?language=php
https://kukooo.com/promotion/business-promotion/tokyo-marathon-2021-live_i102711

Leave a Reply

Your email address will not be published.

Previous Story

Hiber abandons plans for IoT satellite constellation

Next Story

Auroras Announce the Solar Cycle: More Frequent Opportunities To See the Northern and Southern Lights