Eutelsat completed the acquisition of a 5.3% stake in OneWeb for $165m.

Eutelsat, a European satellite operator, completed the acquisition of a 5.3% stake in OneWeb, a global communications company, for $165m. “We are hugely excited to grasp this opportunity to deepen our commitment to OneWeb. The significant progress it has made in the run-up to its now imminent entry into service, 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," Rodolphe Belmer, Eutelsat CEO.