Eutelsat taps into LEO and buys 24% of OneWeb

Luxembourg, 28 April 2021. – Eutelsat invests in OneWeb and acquires a 24% stake for $550 million, “becoming a leading …
Eutelsat taps into LEO and buys 24% of OneWeb

Luxembourg, 28 April 2021. – Eutelsat invests in OneWeb and acquires a 24% stake for $550 million, “becoming a leading shareholder of the company alongside the UK Government and Bharti Global”, Eutelsat announced. OneWeb will operate 648 satellites in low Earth orbit (LEO), offering “significant” regional coverage by the end of 2021 and global coverage in 2022, Eutelsat said.

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