Eutelsat
has announced the launch of a €828 million reserved capital increase as the
first phase of its long-term refinancing strategy. The initiative aims to
strengthen the company’s financial foundation to support investments in its
OneWeb low Earth orbit (LEO) network, the upcoming IRIS² constellation, and its
broader multi-orbit strategy.
The
initial capital increase has been subscribed by key stakeholders including the
French State, Bharti Space Limited, the UK Government, CMA CGM Participations,
and the Fonds Stratégique de Participations, signaling strong confidence in
Eutelsat’s strategic vision.
The
next step in the financing plan is a €672 million rights issue expected by the
end of the year, with over 70% of the planned raise already secured.
Eutelsat
said the process will provide a robust financial base, enabling the company to
continue delivering reliable, high-speed connectivity while accelerating the
growth and scale of its satellite services across Europe and beyond.
