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Eutelsat: Airtel invests in satellite connectivity company: All the details

eutelsat Communications SA, a major satellite operator, has completed its merger OneWeba global low earth orbit (leo) satellite communication network, This all-share combination deal will help the companies leverage each other’s strengths in the satellite communications industry.
Where is the headquarters of the merged company? ParisBharti Enterprises will be its largest shareholder, holding 21.2% shares.
Bharti Group is committed to becoming a long-term strategic investor in Eutelsat Group. Mr Sunil Bharti Mittal will serve as Vice Chairman (Co-Chairman), while Mr Shravin Bharti Mittal, who led the OneWeb investment from Chapter 11, will be Bharti’s lead director on the board of Eutelsat. Mr. Akhil Gupta will continue to serve as a Director on the Board of OneWeb, a wholly owned subsidiary of Eutelsat.
OneWeb will operate commercially as Eutelsat OneWeb, a London-based subsidiary. The company will remain listed on the Euronext Paris Stock Exchange and has applied for a standard listing on the London Stock Exchange. The new entity will be called Eutelsat Constellation, the first GEO-LEO integrated satellite constellation to revolutionize space communications and address the rapidly growing connectivity market.
Sunil Bharti Mittal, Founder and Chairman of Bharti Enterprises and Chairman (Co-Chairman) of the Board of Directors of Eutelsat Group, said, “Bridging the digital divide is a critical mission to achieve the UN Sustainable Development Goals and this combination brings synergy Will make you sit.” The efforts of both businesses will accelerate our progress. I want
Thanks to everyone who made this possible. Today we have built a company that will bring connectivity to everyone around the world and help us achieve our mission of last mile connectivity. Bharti is excited to launch services in India later this year and importantly reach out to other countries in the Global South to provide broadband connectivity to those who are deprived of being a part of the digital revolution.”

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