Verified facts grounded in source documentation.
A contemplated shareholder agreement between key Eutelsat and OneWeb shareholders would provide rights to propose directors based on shareholding thresholds (1 director if at least 7.5%, 2 directors if at least 15%) and include a 6-month lock-up period.
Eutelsat acquired an equity stake in OneWeb in April 2021 and entered a global distribution agreement with OneWeb in March 2022.
On 2022-03-22, Eutelsat, OneWeb’s second-largest shareholder, signed a multiyear deal to sell OneWeb’s NGSO capacity globally across maritime, aviation, enterprise, telcos, and government markets.
Eutelsat acquired a 23 percent stake in OneWeb to position itself in a Non-Geostationary (NGSO) environment.
Eutelsat’s mobile connectivity revenues climbed 9.8% to 37,000,000 EUR as the software-defined, reprogrammable Eutelsat Quantum satellite entered service following its launch in mid-2021.
Eutelsat received $125,000,000 in December through spectrum-clearing proceeds after vacating C-band frequencies in the United States for terrestrial mobile operators.
Eutelsat invested $550,000,000 into OneWeb in April 2021 and later increased its stake in OneWeb by a further $165,000,000.
The Strategic Transaction Award recognized a deal in April 2021 in which French satellite operator Eutelsat invested $550,000,000 into OneWeb and later increased its stake by a further $165,000,000.
Eutelsat’s governance bodies unanimously rejected Patrick Drahi’s $3,200,000,000 takeover offer.
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.
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 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.
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.
Patrick Drahi made an unsolicited $3,200,000,000 proposal to acquire Eutelsat.
In April, Eutelsat agreed to pay $550,000,000 to acquire a 24% stake in OneWeb, a low-Earth-orbit broadband operator.
Eutelsat rejected an unsolicited $3,200,000,000 takeover offer from Patrick Drahi.
Eutelsat's EBITDA for the 12 months to 2021-06-30 fell 6.4% to 922,000,000 EUR.
Eutelsat is acquiring a 24% stake in OneWeb for $550,000,000 announced on 2021-04-27.
On 2021-04-27, Eutelsat paid $550,000,000 to acquire a 24% stake in OneWeb.