Eutelsat Raises Its Shareholding in OneWeb
October 6, 2021
Eutelsat Communications exercised a call option on part of the latest OneWeb funding round subscribed by Bharti, paying $165 million. The move increases Eutelsat’s stake from 17.6% to 22.9%, making it OneWeb’s second-largest shareholder behind Bharti, with completion expected around year-end 2021 subject to regulatory approvals.
- Buyers
- Eutelsat Communications
- Targets
- OneWeb
- Industry
- Telecommunications
- Location
- Île-de-France, France
- Transaction Type
- Growth capital
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