UK Joins France In Taking Eutelsat Investment

Eutelsat LEO satellites prepared for SpaceX launch.

Eutelsat low-Earth orbit satellites prepared for SpaceX launch.

Credit: Eutelsat
The British government is following France in taking a stake in OneWeb-owner Eutelsat, boosting the value of the French satellite service operator’s capital raise to €1.5 billion ($1.76 billion). The U.K. would take a 10.89% stake in the company, Eutelsat said in a July 10 regulatory filing, the...
Robert Wall

Robert Wall is Executive Editor for Defense and Space. Based in London, he directs a team of military and space journalists across the U.S., Europe and Asia-Pacific.

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