Eutelsat completes acquisition of OneWeb
Posted: Sat, Sep 30, 2023, 3:23 PM ET (1923 GMT)
Eutelsat has completed its merger with OneWeb after a shareholder vote. Eutelsat said Thursday that its shareholders voted to approve the all-share deal that valued OneWeb at $3.4 billion. The approval was expected after investors owning nearly half of Eutelsat previously said they backed the deal, although Eutelsat did not immediately report the percentage of shareholders approving the transaction. OneWeb's shareholders had previously signed off on the deal, which also received all the necessary regulatory approvals. OneWeb will operate as a subsidiary of the French operator, called Eutelsat OneWeb, and its center of operations will remain in London. OneWeb's LEO network is set to play an important part in Eutelsat's pivot to connectivity services, which the French operator expects will help it return to growth next year.
Eutelsat has completed its merger with OneWeb after a shareholder vote. Eutelsat said Thursday that its shareholders voted to approve the all-share deal that valued OneWeb at $3.4 billion. The approval was expected after investors owning nearly half of Eutelsat previously said they backed the deal, although Eutelsat did not immediately report the percentage of shareholders approving the transaction. OneWeb's shareholders had previously signed off on the deal, which also received all the necessary regulatory approvals. OneWeb will operate as a subsidiary of the French operator, called Eutelsat OneWeb, and its center of operations will remain in London. OneWeb's LEO network is set to play an important part in Eutelsat's pivot to connectivity services, which the French operator expects will help it return to growth next year.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
|
|
news links
|
|
Friday, March 27
A leap forward for Lumio: Phase C officially launched
ESA — 6:09 am ET (1009 GMT) Cantor Fitzgerald cuts Firefly Aerospace stock price target on estimates
Investing.com — 6:08 am ET (1008 GMT) SpaceX President: Starlink Could Plateau at 15,000 or 20,000 Satellites
PC Magazine — 6:07 am ET (1007 GMT) Data Centers on Orbit Could Boost Space Operations, Experts Say
National Defense Magazine — 6:06 am ET (1006 GMT) National Defense Strategy ‘falls short’ on nuclear, space threat: SASC chair
Defense One — 6:05 am ET (1005 GMT) |
