Eutelsat finalizes $3.4B OneWeb acquisition

The companies will combine their GEO and LEO satellites

Satellite communications provider Eutelsat (EPA: ETL) announced that its Board of Directors on Monday approved plans to acquire communications provider OneWeb in a $3.4 billion all-share deal. The agreement, which will combine Paris-based Eutelsat’s geostationary orbit (GEO) communications satellites with London-based OneWeb’s network of small satellites in low Earth orbit (LEO), was also approved Monday […]

Already subscribed, click below. 

Exit mobile version