Eutelsat to boost LEO expansion with €1.3bn+ capital raise
French satellite operator raises fresh funding from existing investors, with national government set to become its largest shareholder. Satco said the financing will enable LEO expansion as it executes its “long-term” strategic vision.
This article includes:
- Organisations: Agence des participations de l’État; Amazon; Astrocast; Bharti Space; Bpifrance Participations; Caisse des Depots; CMA CGM; Deutsche Telekom; Eutelsat; Eurazeo; Hanwha; Hispasat; Indra; Intelsat; Le Fonds Stratégique de Participations (FSP); Lynk Global; OneWeb; Orange; SES; SoftBank Group; Spacetime Transformations; Starlink; Sateliot; UK government; Vodafone Group.
- Geographies: Europe; France.
- People: Jean-François Fallacher.
- Themes: Connectivity; Data sovereignty; Enterprise (B2B); Fundraising; Geostationary orbit satellites (GEO); Infrastructure; Internet of Things (IoT); Investment; Low-Earth orbit satellites (LEO); Multi-orbit strategy; Nanosatellites; Operations; Procurement; Regulation; Satellite; Shareholders; Space infrastructure; Strategy; Technology.
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