Eutelsat board approves merger with OneWeb

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Eutelsat & #8211; the Paris-based satellite operator and OneWeb's major shareholders (Bharti, the UK government, Softbank and Hanwha) signed a definitive merger agreement on November 14.

According to the terms of the agreement, Eutelsat and OneWeb are to merge with the shareholders of OneWeb who own 50 % Eutelsat. Government The UK, which had a 19.3% stake in OneWeb before the merger, will retain purchasing rights, headquarters location and veto rights over customers on national security grounds.

The agreement was concluded. initially in July, but the transaction is still subject to regulatory approval and then the company's shareholders.

Source: electronicsweekly.com

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