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The five projects funded by the UK Space Agency include Orbit Fab, Goonhilly Earth Station, Vicinity Technologies, Archangel Lightworks with Eutelsat, and Viasat's U.K. subsidiary.
Eutelsat announced a new broadcast deal with UAE telecoms company, du, on November 20.
Eutelsat stated that the additional capital will enable more favorable loan conditions.
Eutelsat has already ordered the first 100 satellites from Airbus and plans to begin launches in late 2026.
Eutelsat provides internet connectivity and broadcasting services globally and integrated with OneWeb in 2023.
The French government's investment ratio in Eutelsat will almost double to 29.65% following this capital increase.
Eutelsat plans to invest up to 2.2 billion euros to maintain OneWeb's required 440 satellites over the coming years.
Eutelsat’s Board authorized the equity raise at $4.48 per share.
Eutelsat operates 34 satellites in geostationary orbit (GEO) and over 650 satellites in low Earth orbit (LEO).
Eutelsat approved a $960 million reserved capital increase to strengthen its financial position and drive future growth.
Eutelsat has announced it will raise 828 million euros through a third-party allocation of shares to refresh its satellite broadband service OneWeb.
The additional capital will allow Eutelsat to invest in OneWeb and contribute to Europe's planned satellite constellation 'IRIS2.'
The SIGMA platform has integrated Starlink and Eutelsat OneWeb LEO service with existing Ku- and C-band VSAT, LTE, line-of-sight, and Iridium Certus services.
Paratus built Eutelsat’s gateway facility in Luanda-Bengo, Angola, which opened in June 2023.
MSTelcom, a subsidiary of Sonangol Group, will distribute Eutelsat’s OneWeb services in Angola.
Paratus has been a long-time distributor of Eutelsat’s Geostationary Orbit connectivity services and was an early adopter of its OneWeb LEO connectivity in early 2024.
MSTelcom will provide Eutelsat's OneWeb services to enterprise, public sector, and telecom customers, particularly in the oil and gas and maritime sectors.
Paratus signed a multi-year, multi-million agreement to expand its work with Eutelsat for OneWeb connectivity services.
Eutelsat signed two agreements for Low-Earth Orbit services in Africa with MSTelcom in Angola and Paratus for southern Africa.
Eutelsat is the only licensed LEO services operator in Angola.