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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.
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