Евтелсат докупает акции OneWeb
vsatman888 — 07.10.2021Евтелсат, перенаправил деньги полученные за освобождение частот
С диапазона в США на покупку доп пакета акций OneWeb, с учетом
нового акционера из Южной Кореи, обещания 500 млн от СофтБанком
https://www.businesswire.com/news/home/20211005006269/en/Eutelsat-Raises-Its-Shareholding-in-OneWeb
Eutelsat Communications (Euronext Paris: ETL) has exercised a call
option on a portion of the latest OneWeb funding round subscribed
by Bharti, for a consideration of $165 million, taking its
shareholding from 17.6% to 22.9%.
The transaction was undertaken on identical financial terms to
Eutelsat’s initial investment of $550 million announced in April
and completed on 8 September. The completion of this latest
transaction is expected around year-end 2021 subject to regulatory
authorisations.
Since Eutelsat’s initial investment, OneWeb has gained significant
traction, both operationally, with a 100% launch success rate
leading to nearly half of the constellation now in orbit, and
commercially, with numerous distribution partnerships secured ahead
of its partial entry into service, which remains on track for
end-2021.
In the meantime, as already announced by the company, OneWeb’s
capital structure has been further strengthened with an additional
$500 million commitment by Bharti completing the funding of its
first-generation constellation and a $300 million capital injection
from South Korea’s Hanwha.
Following the exercise of the call option and the completion of
Hanwha’s investment, Eutelsat’s 22.9% holding will make it the
second largest shareholder behind Bharti with 30.0%, thereby
strengthening its position as a key shareholder and partner of
OneWeb.
Eutelsat’s investment comes after it delivered a strong FY 2021
performance in terms of cash flow generation and leverage
reduction, and is compliant with Eutelsat’s financial framework. At
30 June 2021, Eutelsat’s liquidity amounted to €1.9bn in cash and
undrawn credit lines.