Eutelsat, OneWeb Agree to Merge to Rival Elon Musk’s Starlink; Bharti to Be Single Largest Sharehold

Author : Dhowcruise
Publish Date : 2022-07-26 00:00:00


Eutelsat, OneWeb Agree to Merge to Rival Elon Musk’s Starlink; Bharti to Be Single Largest Sharehold

French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.

French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit. The announcement has a takeaway for the India market as well, where OneWeb had received the letter of intent for the GMPCS (Global Mobile Personal Communication by Satellite) licence from the Department of Telecom.French satellite operator Eutelsat and key shareholders of Bharti-backed OneWeb have inked a pact for merger, entailing all-share transaction, a statement said on Tuesday. Post closing of the deal, Bharti Group will be the single largest shareholder of Eutelsat. The transaction values OneWeb at  $3.5 billion (roughly Rs. 27,900 crore), according to a joint statement. Eutelsat will combine its strong fleet of 36 Geostationary Orbit (GEO) satellites with OneWeb's constellation of 648 Low Earth O



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