Eutelsat Communications : Eutelsat joins OneWeb LEO satellite constellation project
>Operator to invest $ 550m in OneWeb satellite constellation - Eutelsat yesterday evening announced plans to take a 24% stake in OneWeb through a $ 550m cash investment. This amount equates to slightly more than the gross proceeds from C band ($ 507m) and the group has also confirmed its commitments to pay a stable or improving dividend and to keep an investment grade credit rating. The deal is expected to be finalised in H2 2021. To recap, OneWeb is one of the two m...Eutelsat Communications is a private telecommunications satellite operator involved in the design, establishment, operation and maintenance of satellite telecommunications systems covering a large geographical area (extended Europe (including North Africa and the Middle East), sub-Saharan Africa, parts of America and Asia). Co. provides its customers broadcasting capacity and associated services to transmit TV programmes via satellite, cable or Internet Protocol (IP) networks. As of June 30, 2013, Co. owned and operated 31 satellites in geostationary orbit and 4 satellites in inclined orbit.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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