Eutelsat raises shareholding in OneWeb, now second largest

Eutelsat, the Paris-based satellite operator, has increased its stake in OneWeb to 23%, making it the second largest shareholder. It exercised a call option on a portion of the latest OneWeb funding round subscribed by Bharti, for a consideration of $165 million, taking its shareholding from 17.6% to 22.9%. The Indian company is the largest shareholder ...

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