Eutelsat increases stake in OneWeb
Posted: Sun, Oct 10, 2021, 11:53 AM ET (1553 GMT)
Eutelsat is increasing its stake in OneWeb. Eutelsat announced Wednesday it was exercising an option in the latest OneWeb funding round, investing an additional $165 million into the broadband satellite company. Eutelsat now owns 22.9% of OneWeb, the second largest stake behind Bharti Global's 30% share of the company. Eutelsat said the deal was made on the same terms as its $550 million investment in OneWeb announced in April.
Eutelsat is increasing its stake in OneWeb. Eutelsat announced Wednesday it was exercising an option in the latest OneWeb funding round, investing an additional $165 million into the broadband satellite company. Eutelsat now owns 22.9% of OneWeb, the second largest stake behind Bharti Global's 30% share of the company. Eutelsat said the deal was made on the same terms as its $550 million investment in OneWeb announced in April.
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