Eutelsat outlines challenges in financing OneWeb, Iris2; new equity or customer orders needed for export-credit backing

by Peter B. de Selding

 

LA PLATA, Maryland — Satellite fleet operator Eutelsat laid out the difficulty it faces in securing the $4.7 billion it needs to finance continued operations of its first-generation OneWeb broadband constellation, starting now,  and pay for its share of Europe’s Iris2 multi-orbit network later this decade.

Export-credit agency (ECA) funding, including France’s Bpifrance and Britain’s UK Export Finance, will likely not be available in the volume Eutelsat needs. ECAs are mainly engaged in project financing, and in return for their . . .

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