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Eutelsat becomes a giant of the space internet

2023-09-27T16:32:35.237Z

Highlights: The shareholders of Eutelsat, Europe's leading telecoms satellite operator, are convened for a combined general meeting on Thursday morning. They must approve the acquisition, for 3.4 billion euros, of the British OneWeb, operator of the constellation of broadband internet of the same name. The current shareholders of OneWeb - the telecoms group Bharti (30%), the British State (17.8%), the Japanese SoftBank ( 17.8%) and the South Korean Hanwha... You still have 84% to discover.


DECRYPTION - By merging with OneWeb, the group becomes number two worldwide, behind Starlink, in the hands of SpaceX.


D-Day for the birth of the world's number two space internet, behind the American Starlink of SpaceX. The shareholders of Eutelsat, Europe's leading telecoms satellite operator and 3rd worldwide, are convened for a combined general meeting on Thursday morning. They must approve the acquisition, for 3.4 billion euros, of the British OneWeb, operator of the constellation of broadband internet of the same name.

Some 14 resolutions are put to the vote, including the appointment of new directors (from 12 to 15), a capital increase to remunerate OneWeb's shareholders in exchange for the contribution of their shares, changes to the statutes of the new Eutelsat and the "Eutelsat Pact" signed on 18 August between its main shareholders, which sets the rules of governance. At the end of the vote, the current shareholders of OneWeb - the telecoms group Bharti (30%), the British State (17.8%), the Japanese SoftBank (17.8%), the South Korean Hanwha...

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Source: lefigaro

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