Eutelsat Communications to Combine with OneWeb in All-Share Transaction
November 15, 2022
Eutelsat Communications and key OneWeb shareholders signed a final combination agreement to merge the GEO satellite operator Eutelsat with OneWeb’s low Earth orbit (LEO) constellation in an all-share transaction. Following closing, Eutelsat would own 100% of OneWeb (excluding the UK Government’s ‘Special Share’), with OneWeb shareholders receiving newly issued Eutelsat shares representing 50% of the enlarged share capital.
- Buyers
- Eutelsat Communications
- Targets
- OneWeb
- Industry
- Telecommunications
- Location
- United Kingdom
- Transaction Type
- Buyout
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