Eutelsat Ups Stake in OneWeb
Eutelsat plans to increase its stake in OneWeb, from 17.6% to 22.9% in exchange for $165 million, it said Wednesday. It said the deal should close by year's end. Eutelsat CEO Rodolphe Belmer said OneWeb's progress in offering global service,…
Sign up for a free preview to unlock the rest of this article
Timely, relevant coverage of court proceedings and agency rulings involving tariffs, classification, valuation, origin and antidumping and countervailing duties. Each day, Trade Law Daily subscribers receive a daily headline email, in-depth PDF edition and access to all relevant documents via our trade law source document library and website.
"together with the vote of confidence demonstrated by the commitment of both its investors and future customers, makes us even more convinced of OneWeb’s right-to-win in the low earth orbit constellation segment.”