Eutelsat is a leading satellite operator and the world's first integrated GEO-LEO satellite operator, formed in 2023 through the combination of Eutelsat and OneWeb. With a fleet of 34 geostationary satellites and a LEO constellation of over 600 satellites, the company provides global services for video broadcasting, broadband, data connectivity, and government communications. Eutelsat also delivers services for maritime and in-flight mobility, offering solutions like the Eutelsat Advance platform for high-end connectivity and digital platforms for broadcasters. Associated keywords include satellite communications, GEO-LEO infrastructure, and broadcast services.
All verified mentions of this organization in source documents.
Eutelsat’s transaction on the latest OneWeb funding round was undertaken on identical financial terms to its initial $550,000,000 investment announced in April and completed on 2021-09-08.
Eutelsat’s new investment was made on the same terms as its $550,000,000 investment in OneWeb announced in April that would have given Eutelsat a 24% stake.
Eutelsat’s exercise of the call option increased its OneWeb shareholding from 17.6% to 22.9%.
Eutelsat rejected Patrick Drahi’s unsolicited $3,200,000,000 acquisition proposal but left the door open for a revised, higher offer.
Eutelsat exercised a call option on a portion of the latest funding round subscribed by Bharti to increase its OneWeb stake from 17.6% to 22.9%.
In September 2017, Eutelsat shares were valued at 24 euros.
Investment bank Exane/BNPP highlighted the potential value seen by Drahi due to Eutelsat shares being near all-time lows.
Eutelsat confirmed the receipt of Patrick Drahi's bid and rejected the approach.
In October 2019, Eutelsat shares were valued at 18 euros.
Patrick Drahi's bid for Eutelsat was reported at 12 euros per share.
Eutelsat shareholders are set to receive annual dividends in November, currently at 0.93 euros, an increase from the 2020 dividend of 0.89 euros.
Eutelsat shareholders experienced a 15.6 percent increase in the company's share price on September 30th, reaching 11.97 euros.
In October 2018, Eutelsat shares were valued at 22 euros.
Eutelsat rejected an unsolicited $3,200,000,000 takeover offer from Patrick Drahi.
On 2021-09-29, Eutelsat received an unsolicited, preliminary and non-binding proposal from Patrick Drahi and Eutelsat’s governing bodies unanimously decided not to engage in discussions based on the proposal’s terms.
On 2021-09-30, Patrick Drahi offered 12 EUR per share (equivalent to $14.02) for Eutelsat, representing a 17 percent premium over Eutelsat’s closing share price the day before.
In April, Eutelsat agreed to pay $550,000,000 to acquire a 24% stake in OneWeb, a low-Earth-orbit broadband operator.
Eutelsat’s adjacent spacecraft operate from 7 degrees West using their own frequencies.
Eutelsat closed a $550,000,000 equity investment in OneWeb on 2021-09-08.
AAC Clyde Space satellites being built for Eutelsat will use onboard propulsion for phasing, stationkeeping, and collision avoidance.