Verified facts grounded in source documentation.
Bharti Enterprises will be the largest shareholder of the merged entity with a 21.2% stake.
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.
Bharti Global exercised a call option to invest an additional $500,000,000 in OneWeb and is set to become the largest shareholder.
Bharti Global invested an additional $500,000,000 in OneWeb and will own the largest share of the company.
Bharti’s investment means OneWeb has secured $2,400,000,000 needed to deploy 648 satellites by 2022 to provide connectivity to enterprise, government, maritime, and aviation customers.
OneWeb secured $1,000,000,000 in new funding consisting of $500,000,000 from the British government and $500,000,000 from Bharti Global to recapitalize its constellation effort.