Eutelsat completes OneWeb takeover

Satellite operator Eutelsat has announced the completion of its all-share combination with low Earth orbit (LEO) communications network OneWeb, following a vote at a meeting of Eutelsat shareholders. The combined company will form the Eutelsat Group.

The company remains headquartered in Paris, with OneWeb to act as a subsidiary operating commercially out of London as Eutelsat OneWeb. The Company remains listed on the Euronext Paris Stock Exchange and has applied for standard listing on the London Stock Exchange.

Eutelsat’s geostationary (GEO) fleet of satellites will now be able to combine with the low latency OneWeb LEO constellation to offer integrated global connectivity services. OneWeb’s network is expected to be globally operational by end of 2023.

“Eutelsat Group is the only GEO-LEO operator in satellite communications that can offer a ubiquitous connectivity service. Global connectivity is an important and exciting challenge to deliver upon,” said Eva Berneke, Chief Executive Officer, Eutelsat Group.

“We can address a wider range of customer requirements and provide hybrid connectivity services where they are required worldwide, all with industry leading resilience. As we continue our track record of innovation to develop future generations of satellite technology, we can unlock significant value both for customers and shareholders.”

“The Eutelsat-OneWeb combination has given us the scale, financial strength, and business proposition to capitalise on the significant opportunity.”

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Rob O'Dwyer
Rob O'Dwyer

Rob is Chief Network Officer and one of the founders of Smart Maritime Network. He also serves as Chairman of the Smart Maritime Council. Rob has worked in the maritime technology sector since 2005, managing editorial for a range of leading publications in the transport and logistics sector. Get in touch by email by clicking here, or on LinkedIn by clicking here.

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