Eutelsat/French government, SpaceX, UK government evaluating OneWeb takeover bids; a China card to play

by Peter B. de Selding

PARIS — Satellite fleet operator Eutelsat of France, in what industry officials say is a move conducted on behalf of the French government, has secured access to OneWeb’s virtual data room with a view to a potential bid to take over OneWeb Global Ltd., now in Chapter 11 bankruptcy.

With two weeks left until an initial bid deadline set by OneWeb and its lead lender, SoftBank Group, the data room has also been accessed by SpaceX founder Elon Musk and by the British government . . .

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