Eutelsat and key OneWeb shareholders  sign a Memorandum of Understanding with a view to combining Eutelsat and OneWeb in an all-share transaction.
Eutelsat shareholders and OneWeb shareholders  would each hold 50% of the Eutelsat shares
Compelling financial profile with:
Potential for double-digit revenue and EBITDA CAGR over the medium to long term;
Eutelsat’s strong cash flow generation providing visibility and funding to support continued expansion into the LEO market through OneWeb’s next generation of satellites;
Over €1.5bn potential incremental value-creation after tax (net of implementation costs) stemming from revenue, capex and cost synergies.
Balanced board and governance structure, to include Eutelsat’s Chairman and its CEO, OneWeb’s Chairman, and a significant number of independent directors proposed by Eutelsat and OneWeb’s shareholders, at Extraordinary General Meeting.
Fully backed by a strong set of strategic shareholders of both entities, including Bpifrance and Fonds Stratégique de Participations who have undertaken to vote in favour of the transaction-related resolutions at this EGM, subject to usual conditions. CMA CGM, a shareholder of Eutelsat, is also supporting the combination.
Representing a transformational transaction, built on the strong foundations established in April 2021 with Eutelsat’s initial investment in OneWeb, this combination creates a global leader uniquely positioned to capture the Connectivity market with complementary GEO/LEO  offering.
Combined entity strongly positioned to address the fast-growing global Connectivity market.
The transaction values OneWeb at $3.4bn implying a value of €12 per Eutelsat share (including the dividend, before synergies).
Eutelsat to propose a €0.93 per share dividend with a scrip option in respect of FY 2021-22 at its upcoming AGM. Such dividend will not impact the exchange ratio.
Eutelsat will continue to be listed on Euronext Paris and apply for admission to standard listing on the London Stock Exchange.
PARIS, LONDON, 26 July 2022 (Eutelsat/OneWeb PR) – Eutelsat Communications (Euronext Paris: ETL) and key OneWeb shareholders have signed a Memorandum of Understanding with the objective of creating a leading global player in Connectivity through the combination of both companies in an all-share transaction. Eutelsat will combine its 36-strong fleet of GEO satellites with OneWeb’s constellation of 648 Low Earth Orbit satellites, of which 428 are currently in orbit.
Global multi-year agreement reflects deepening cooperation and showcases operational synergies between the two companies
First step towards development of combined GEO/LEO connectivity solutions, putting the partners in a unique competitive position
PARIS, 22 March 2022 (Eutelsat PR) – Eutelsat Communications (Euronext Paris: ETL) and OneWeb, the low Earth orbit (LEO) satellite communications company, today announced a global, multi-year Distribution Partnership Agreement (DPA) for OneWeb capacity. The agreement paves the way for Eutelsat to commercialise OneWeb services across key verticals including Maritime, Aviation, Enterprise, Telcos and Government.
Kymeta’s electronically steered flat panel u8 terminal enables high-speed broadband connectivity while on the move delivered via OneWeb’s LEO satellite constellation
REDMOND, Wash. (Kymeta PR) — Kymeta, a world leading company for flat panel antennas making mobile global, and OneWeb, the low Earth orbit (LEO) satellite communications company, announced today a distribution partner agreement to offer broadband connectivity services across the globe.
The OneWeb LEO satellite network will give Kymeta customers access to high-speed, low-latency broadband connectivity while on the move or while stationary, anywhere in the world.
Technical testing and assessments validate LEO as a connectivity pathway, joining GEO, MEO and 4G/5G for high-demand applications
OneWeb Press Release
HOUSTON, Texas, 21 March, 2022 (OneWeb PR) – Speedcast, a leading communications and IT services provider, announced today that it will become a OneWeb Distribution Partner, integrating OneWeb’s low Earth orbit (LEO) satellite connectivity into Speedcast’s Unified Global Platform (UGP).
OneWeb is set to enter customer trials in mid-2022, bringing in LEO service for Speedcast’s energy and enterprise customers followed by maritime mobility in 2023. The agreement will add OneWeb’s enterprise-grade, high-speed LEO connectivity to the Speedcast platform, which is one of the largest technology-agnostic networks in the world, seamlessly adding LEO as a connectivity pathway, joining GEO, MEO and 4G/5G for high-demand applications.
OneWeb announced this morning that it will resume launches of its broadband satellite constellation with SpaceX, which is deploying its rival Starlink broadband satellite network. The agreement comes after OneWeb terminated a contract to continue launching on Soyuz boosters in the wake of the Russian invasion of Ukraine.
NEW DELHI/LONDON/GERMANTOWN, Md., 20 January 2022 (OneWeb PR) — OneWeb, the low Earth orbit satellite communications company, and Hughes Network Systems LLC (“Hughes”), an innovator in satellite and multi-transport technologies and networks for 50 years, today announced a strategic six-year Distribution Partner agreement to provide low Earth orbit (LEO) connectivity services across India. The arrangement between OneWeb and Hughes Communications India Private Ltd. (HCIPL), a joint venture between Hughes and Bharti Airtel Limited (“Airtel”), follows the Memorandum of Understanding signed by the companies in September 2021.
As the leading satellite broadband provider in India , HCIPL is well positioned to deliver services to enterprise and government with OneWeb capacity, especially in areas outside the reach of fibre connectivity. OneWeb will connect towns, villages, and local and regional municipalities in those hardest-to-reach areas, playing a critical role in bridging the digital divide.
BT signs landmark agreement for OneWeb low Earth orbit (LEO) satellite network and connectivity services
Tests to integrate LEO satellite services across consumer and business divisions to create added value for customer, with first trials expected in early 2022
The agreement between the two British-headquartered companies will support UK Government’s National Space Strategy and spans BT’s global footprint
Satellite services form a component of BT’s vision to enable digital solutions anywhere in the UK by 2028
LONDON, 2 November 2021 (OneWeb PR) — BT and OneWeb have agreed terms for a new Distribution Partner Agreement, with OneWeb to provide low Earth orbit (LEO) satellite communication services across BT Group.* This builds on an initial Memorandum of Understanding signed in July and means BT is testing how LEO satellite technology integrates with its existing terrestrial capabilities to meet the communications needs of customers. On successful completion, BT will commence the first live trials with customers from early next year. The partnership will span a growing range of connectivity solutions around the world as well as specific opportunities for the U.K. market.
OneWeb Low Earth Orbit (LEO) satellites to service NEOM, the Kingdom and MEA, transforming connectivity to businesses and rural communities
High-speed connectivity will be a vital enabler of groundbreaking ecosystem of cognitive technologies
RIYADH, Saudi Arabia, 26 October 2021 (OneWeb PR) — NEOM Tech & Digital Holding Company – the first holding company to be established as a subsidiary of NEOM – and OneWeb, the global communications network powered from space, have signed a $200 million (SAR 750m) joint venture agreement to bring high-speed satellite connectivity to NEOM, Saudi Arabia and the wider Middle East and neighboring East African countries.
OneWeb Technologies will continue TrustComm mission of providing managed satellite services to commercial and government entities
New unit will be led by former TrustComm CEO Bob Roe
London, U.K. – 21 September 2021: OneWeb, the low Earth orbit (LEO) satellite communications company, announced today that it has completed its acquisition of Texas-based TrustComm Inc., a provider of managed satellite communications and professional services to commercial and governments organizations. OneWeb announced the planned acquisition of TrustComm in May 2021 and received all necessary regulatory approvals enabling the transaction to close.
Following consummation of this transaction, TrustComm will become known as OneWeb Technologies Inc, a wholly owned subsidiary of OneWeb.
Hughes and OneWeb agree to deliver LEO satellite services as part of Hughes multi-transport solution portfolio; demonstrate successful multi-orbit connectivity across GEO and LEO satellites
WASHINGTON, 9 September 2021 (OneWeb PR) — Hughes Network Systems, LLC (HUGHES), an innovator in satellite and multi-transport technologies and networks for 50 years, and OneWeb, the low Earth orbit satellite communications company, today announced that they have signed a distribution agreement in the U.S. focused on enterprise services. In India, the parties have entered into an MOU for a strategic agreement to distribute services to large enterprises, small and medium businesses, government, telcos and ISPs in the rural and remote parts of the country.
Services will be offered by Hughes Network Systems, LLC, and Hughes Communications India Private Ltd., respectively. Hughes and OneWeb intend to work together to broaden distribution globally, with Hughes to offer OneWeb’s low-latency, high-speed connectivity for markets such as enterprise, government, commercial aviation and maritime, cellular backhaul, and community Wi-Fi hotspots.
High-speed broadband connectivity delivered via satellite to extend AT&T’s network reach in hard-to-serve areas outside AT&T fiber footprint
DALLAS, 8 September, 2021 (OneWeb PR) — AT&T, the American telecommunications company, has signed a strategic agreement with OneWeb, the low Earth orbit (LEO) satellite communications company, to harness the capabilities of satellite technology to improve access for AT&T business customers into remote and challenging geographic locations. The new connectivity will complement existing AT&T access technologies.
Why is this important? AT&T’s leading business fiber network enables high-speed connections to over 2.5 million U.S. business customer locations. Nationwide, more than nine million business customer locations are within 1,000 feet of AT&T fiber. However, there are still remote areas that existing networks can’t reach with the high-speed, low-latency broadband essential to business operations.
• OneWeb confirms successful launch and contact with all 34 satellites, bringing total in-orbit constellation to 288 satellites • Remains on track to commence service this year and deliver global service in 2022 • OneWeb continues to gather momentum, recently announcing a series of global distribution partnerships with business fully funded
LONDON, 22 August 2021 (OneWeb PR) — OneWeb, the low Earth orbit (LEO) satellite communications company, today confirmed the next successful launch of 34 satellites by Arianespace from the Baikonur Cosmodrome.
LONDON & WHITEHORSE, YT, 11 August 2021 (OneWeb PR) — OneWeb, the low Earth orbit (LEO) satellite communications company, and Northwestel, northern Canada’s largest telecommunications provider, today announced the signing of a Memorandum of Understanding (MoU) to expand remote mining, enterprise business and government broadband options in northern Canada.
The announcement follows the successful completion of OneWeb’s ‘Five to 50’ programme that has delivered the satellites required to bring OneWeb services to Canada, the UK and Northern Europe later this year.
Hanwha Systems of South Korea invests USD $300m for an 8.8% share
Brings advanced technology capabilities to investor line-up
Brings OneWeb total equity investment to USD $2.7bn
LONDON, 12 August 2021 (OneWeb PR) — Hanwha, the South Korean Fortune 500, global technology and manufacturing company has announced a USD $300m equity investment by Hanwha Systems (“Hanwha”) in OneWeb, the Low Earth Orbit (LEO) satellite communications company. Hanwha brings further defence capabilities and the latest antenna technologies to OneWeb, alongside relationships to new government customers and expanded geographical reach.
This investment brings OneWeb’s total equity investment since November 2020 to USD $2.7bn with no debt issuance. The investment is expected to be completed in the first half of 2022, subject to regulatory approvals.
LONDON, UK. 27 June 2021 (OneWeb PR) — OneWeb, the global communications network powered from Space, and BT (BT.L), one of the world’s leading communication services companies, today announce they have signed a Memorandum of Understanding (MoU), to explore the provision of improved digital communication services to some of the hardest to reach parts of the UK. The groundbreaking agreement between OneWeb and BT comes as investment in expanding modern, digital infrastructure remains a top priority for the UK’s economic recovery and development post-COVID.
OneWeb’s network has a unique capability to serve hard to reach communities and the work with BT will focus on how satellite technology might support improved capacity, mobile resilience, backhaul and coverage, including Fixed Wireless Access, in challenging geographic locations, as BT explores new options to enhance rural connectivity. As part of the discussions, the companies will consider opportunities to deliver OneWeb’s connectivity services from low Earth orbit to businesses and communities around the UK, as well as identifying collaboration opportunities to develop new services beyond UK’s shores for BT’s global customers.