Eutelsat secures 1 billion euros financing for Oneweb Satellite Procurement
FILE PHOTO: Eutelsat Group logo is pictured at their Paris headquarters in Issy-les-Moulineaux, France, April 3, 2025. REUTERS/Benoit Tessier/File Photo
Feb 11 : Eutelsat has secured about 1 billion euros ($1.2 billion) in export credit financing to fund the procurement of low Earth orbit satellites for its OneWeb constellation, it said on Wednesday.
The financing, backed by a French state guarantee, will support a contract with Airbus for 340 satellites, subject to conditions including a bond issuance by Eutelsat Communications, the company said.
($1 = 0.8389 euros)
Source: Reuters
