Eutelsat Raises €1.35 Billion Led by France to Aid OneWeb
Eutelsat Communications SA said it has commitments for €1.35 billion ($1.5 billion) from the French government and other investors in a deal that will help the European Starlink rival build out its fleet of satellites.
The French government will invest €717 million in Eutelsat, the Finance Ministry said in a statement on Thursday. The investment takes France's stake to almost 30%. Existing investors including Fonds Stratégique de Participations, French shipping company CMA CGM and Bharti Space will also participate in the round, which will be completed by year end, Eutelsat said in a separate statement.
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