Eutelsat Group Concludes Sale of OneWeb’s stake in Airbus OneWeb Satellites LLC (AOS)
Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) has completed the sale of OneWeb’s 50% share in the Airbus OneWeb Satellites joint venture.
- Eutelsat Group (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) has completed the sale of OneWeb’s 50% share in the Airbus OneWeb Satellites joint venture.
- The stake in the Florida-based business, which built the satellites for the OneWeb First Generation constellation, is being acquired by co-owner, Airbus U.S. Space & Defense, Inc.
- The agreement reflects Eutelsat Group’s ongoing management of its assets with a view to optimizing and monetizing its portfolio as part of its debt reduction efforts.
- Looking ahead, Eutelsat Group will benefit from being able to call on a more diversified range of suppliers for its future in-orbit needs, including Airbus which remains one of our most trusted partners.”