French Government Becomes Largest Eutelsat Shareholder With €750M Investment
The French government is set to become Eutelsat's largest shareholder, investing €750 million for a 29.65% stake. This move follows a €1.5 billion capital raise, with the USA government also securing a 10.89% stake by investing €163 million.
Key investors in Eutelsat include CMA CGM with a 7.46% stake and FSP with 4.99%. The fundraise is expected to close by the end of 2025.
Bharti Enterprises, which merged with OneWeb in 2023, initially became Eutelsat's largest shareholder. Now, with an additional €120 million investment, Bharti Space Ltd.'s total stake in Eutelsat is €150 million, representing 17.88% of shares. This investment is crucial for Bharti's plans to bring satellite-based broadband services to India's rapidly growing market, where competitors like Starlink, Jio Platforms, and Vodafone Idea are expanding their presence.
Eutelsat OneWeb combines OneWeb's LEO satellites with Eutelsat's geostationary operations, creating a powerful global network.
The French government's investment in Eutelsat makes it the largest shareholder, with a 29.65% stake. Bharti Space Ltd.'s stake has decreased to 17.88% following the capital raise expansion. Both investments aim to strengthen Eutelsat's global position and support its innovative projects, such as Eutelsat OneWeb.
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