Eutelsat completes acquisition of OneWeb
Posted: Sat, Sep 30, 2023, 3:23 PM ET (1923 GMT)
Eutelsat has completed its merger with OneWeb after a shareholder vote. Eutelsat said Thursday that its shareholders voted to approve the all-share deal that valued OneWeb at $3.4 billion. The approval was expected after investors owning nearly half of Eutelsat previously said they backed the deal, although Eutelsat did not immediately report the percentage of shareholders approving the transaction. OneWeb's shareholders had previously signed off on the deal, which also received all the necessary regulatory approvals. OneWeb will operate as a subsidiary of the French operator, called Eutelsat OneWeb, and its center of operations will remain in London. OneWeb's LEO network is set to play an important part in Eutelsat's pivot to connectivity services, which the French operator expects will help it return to growth next year.
Eutelsat has completed its merger with OneWeb after a shareholder vote. Eutelsat said Thursday that its shareholders voted to approve the all-share deal that valued OneWeb at $3.4 billion. The approval was expected after investors owning nearly half of Eutelsat previously said they backed the deal, although Eutelsat did not immediately report the percentage of shareholders approving the transaction. OneWeb's shareholders had previously signed off on the deal, which also received all the necessary regulatory approvals. OneWeb will operate as a subsidiary of the French operator, called Eutelsat OneWeb, and its center of operations will remain in London. OneWeb's LEO network is set to play an important part in Eutelsat's pivot to connectivity services, which the French operator expects will help it return to growth next year.
Related Links:
| <<previous article | next article>> |
|
news in brief
|
|
Apex becomes billion-dollar company with $200 million Series D round
Posted: Sun, Sep 14 4:09 AM ET (0809 GMT) |
|
news links
|
|
Monday, September 15
Elon Musk's Starlink reports service outage, thousands of users affected
Reuters — 1:23 am ET (0523 GMT) What does the loss of U.S. Space Command mean to Colorado Springs?
Denver Post — 1:21 am ET (0521 GMT) SpaceX Launches Northrop Grumman Cargo Ship To ISS
Aviation Week — 1:18 am ET (0518 GMT) SpaceX launches Falcon 9 rocket from Cape Canaveral on Sunday
WESH-TV Orlando — 1:18 am ET (0518 GMT) Apollo 13 made Jim Lovell a legend generations after the space race
The Hill — 1:09 am ET (0509 GMT) |
