Here’s how the French government explains its decision to become Eutelsat’s largest shareholder

by Peter B. de Selding

LA PLATA, Maryland — The French government on Dec. 12 outlined the reasoning behind its investment in satellite fleet operator Eutelsat’s OneWeb LEO broadband constellation but left open the question it must be asking itself: What happens if Eutelsat needs more?

Paris-based Eutelsat is reporting increased use of its 640-satellite OneWeb constellation and expects to complete the network of 44 gateway Earth stations by the end of 2026.

But the 1.5-billion-euro capital raise, now completed, looks to be short of what’s needed for . . .

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