Eutelsat Group Concludes Sale of OneWeb’s stake in Airbus OneWeb Satellites LLC (AOS)
29 Janvier 2024 - 4:53PM
Business Wire
Regulatory News:
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London
Stock Exchange: ETL) has completed the sale of OneWeb’s 50% share
in the Airbus OneWeb Satellites joint venture.
The stake in the Florida-based business, which built the
satellites for the OneWeb First Generation constellation, is being
acquired by co-owner, Airbus U.S. Space & Defense, Inc.
The agreement reflects Eutelsat Group’s ongoing management of
its assets with a view to optimizing and monetizing its portfolio
as part of its debt reduction efforts.
Massimiliano Ladovaz of Eutelsat Group said: “We are
proud to have partnered with Airbus in this joint venture which has
assured the successful build of OneWeb’s First Generation
constellation, and we are confident the business will continue to
thrive by addressing the growing demand for small sats, with a
best-in-class, competitive offer. Looking ahead, Eutelsat Group
will benefit from being able to call on a more diversified range of
suppliers for its future in-orbit needs, including Airbus which
remains one of our most trusted partners.”
About Eutelsat Communications
Eutelsat Group is a global leader in satellite communications,
delivering connectivity and broadcast services worldwide. The Group
was formed through the combination of Eutelsat and OneWeb in 2023,
becoming the first fully integrated GEO-LEO satellite operator with
a fleet of 36 Geostationary satellites and a Low Orbit earth
constellation of more than 600 satellites. The Group addresses the
needs of customers in four key verticals of Video, where it
distributes more than 6,500 television channels, and the
high-growth connectivity markets of Mobile Connectivity, Fixed
Connectivity, and Government Services. Eutelsat Group’s unique
suite of in-orbit and on-ground assets enables it to deliver
integrated solutions to meet the needs of global customers. The
Company is headquartered in Paris and Eutelsat Group employs more
than 1,700 from 50 different nationalities. The Group is committed
to delivering safe, resilient, and environmentally sustainable
connectivity to help bridge the digital divide. The Company is
listed on the Euronext Paris Stock Exchange and the London Stock
Exchange (ticker: ETL).
Find out more at www.eutelsat.com/oneweb
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version on businesswire.com: https://www.businesswire.com/news/home/20240129211108/en/
Media enquiries
Joanna Darlington Tel. +33674 521 531
jdarlington@eutelsat.com
Anita Baltagi Tel. +33 643 930 178 abaltagi@eutelsat.com
Katie Dowd Tel. +1 202 271 2209 kdowd@oneweb.net
Investors
Joanna Darlington Tel. +33674 521 531
jdarlington@eutelsat.com
Hugo Laurens Berge +33 70 80 95 58
hlaurensberge@eutelsat.com
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