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Satellite rivals OneWeb, Eutelsat enter all-share merger agreement

The CAPEX of the combined entity could reach as much as €6.1 billion or US$6.2 billion by 2030.

By João Marques Lima

Founder and Editor, The Tech Capital

4 Mins

July 26, 2022 | 10:49 PM BST

Satellite rivals OneWeb, Eutelsat enter all-share merger agreement

Dominique D’Hinnin, Eutelsat’s Chairman. Source: Eutelsat

The Tech Capital

French satellite company Eutelsat Communications (Euronext Paris: ETL) and UK’s OneWeb shareholders have signed a Memorandum of Understanding with the objective of creating a global player through the combination of both companies in an all-share transaction.

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João Marques Lima

Founder and Editor, The Tech Capital

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