Eutelsat outlines OneWeb investment rationale: We get 24% of a $5B investment for $550M; low latency to be a big deal

by Peter B. de Selding

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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