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Telecoms magnate Patrick Drahi made an unsolicited $3,200,000,000 takeover offer for Eutelsat.
Eutelsat is investing in low Earth orbit broadband startup OneWeb to expand its connectivity services.
Sandrine Téran is Eutelsat’s Chief Financial Officer and led Eutelsat’s post-results presentation and analyst discussion on 2021-10-28.
Eutelsat research found that early adoption of HD in developing markets directly led to an increase in revenue for broadcasters who invested in HD.
Eutelsat’s board rejected a $3,200,000,000 unsolicited takeover attempt from Patrick Drahi in September.
Eutelsat activated a call option on 2021-10-06 to invest an extra $165,000,000 and will become OneWeb’s second-largest shareholder with nearly 23% once the deal closes.
Exane/BNPP recommended that Europe build a multi-orbit system combining LEO low-latency assets with lower-cost MEO/GEO systems to rebuild competitiveness, which the firm believes would favor SES and Eutelsat.
Deutsche Telekom and Eutelsat have agreed to discuss an extension of their partnership that would result in Deutsche Telekom offering its own products via Eutelsat’s current and future infrastructure.
Deutsche Telekom will commercialize EUTELSAT KONNECT high-speed broadband Internet offers for households in Germany with limited internet connection starting from the end of 2021.
Bharti Global exercised a call option in June to double its OneWeb investment to $1 billion, a move expected to give Bharti a 38.6% share and reduce Eutelsat’s share to 19.3%.
Eutelsat is exercising an option in the latest OneWeb funding round and is investing an additional $165,000,000 on 2021-10-06.
Patrick Drahi made an unsolicited $3,200,000,000 proposal to acquire Eutelsat.
Hanwha paid $300,000,000 in August for an 8.8% stake in OneWeb, reducing Bharti’s and Eutelsat’s stakes.
Eutelsat’s exercise of the call option increased its OneWeb shareholding from 17.6% to 22.9%.
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 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%.
Eutelsat will own nearly 23% of OneWeb once the transaction closes, giving the Paris-based satellite operator the second-largest stake behind Bharti Global’s 30% share.
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 KONNECT provides broadband resources with quasi-complete coverage of Sub-Saharan Africa.