Eutelsat Ups Stake in OneWeb
Eutelsat plans to increase its stake in OneWeb, from 17.6% to 22.9% in exchange for $165 million, it said Wednesday. It said the deal should close by year's end. Eutelsat CEO Rodolphe Belmer said OneWeb's progress in offering global service,…
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"together with the vote of confidence demonstrated by the commitment of both its investors and future customers, makes us even more convinced of OneWeb’s right-to-win in the low earth orbit constellation segment.”