PARIS — It’s the Chapter 11, stupid.
That was Eutelsat Chief Executive Rodolphe Belmer’s basic response to investors asking why the company invested $550 million for a 24% stake in the OneWeb broadband constellation.
Belmer had other reasons too: Eutelsat will be the only satellite operator on the OneWeb board, and a company flying British, Indian and French/EU flags can secure landing rights in parts of the world where OneWeb can find a market — and where Eutelsat is already operational with its direct . . .
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