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
|
|
Space Force releases guidelines on commercial use of launch sites
Posted: Sun, Jul 20 9:51 AM ET (1351 GMT) |
|
news links
|
|
Wednesday, July 23
Has the Qianfan satellite network – China’s Starlink rival – run into trouble?
South China Morning Post — 7:42 am ET (1142 GMT) Space-Based Missile Interceptors For Golden Dome Being Tested By Northrop
The War Zone — 7:39 am ET (1139 GMT) SpaceX delays launch of NASA TRACERS mission until Wednesday
UPI — 7:34 am ET (1134 GMT) Debris and Collisions? SpaceX Flags AST SpaceMobile's Satellites As Safety Risk
PC Magazine — 7:33 am ET (1133 GMT) Trump's Golden Dome looks for alternatives to Musk's SpaceX
Reuters — 7:32 am ET (1132 GMT) |
