Eutelsat US$550m investment in OneWeb
Eutelsat entered low Earth orbit by investing in OneWeb alongside the UK Government and Bharti, the first step towards the 2023 combination.
- Company
- OneWeb
- Type
- Strategic investment
- Status
- Completed
- Date
- 8 Sep 2021
- Value
- US$550m
- Value basis
- US$550m for a stake of about 24% (17.6% after the Bharti and Hanwha rounds); a further US$165m in Oct 2021 took it to 22.9%
- Region
- UK
- Segment
- Satellite operators
Parties
Key terms
- Announced
- 27 Apr 2021
- Governance
- Board representation, as for the UK Government and Bharti
- Follow-on
- US$165m call option on part of Bharti's round, 6 Oct 2021, stake to 22.9%
Sources
- Eutelsat press release: enters LEO space through investment in OneWeb (filed with the AMF) echanges.dila.gouv.fr · 27 Apr 2021
- Eutelsat press release: completes OneWeb equity investment (filed with the AMF) echanges.dila.gouv.fr · 8 Sep 2021
- Eutelsat press release: raises its shareholding in OneWeb (filed with the AMF) echanges.dila.gouv.fr · 6 Oct 2021
Record ORB-INV-2021-0032. Investments are kept apart from the financings register and never counted in debt totals.
