Overview

• The French state will lead a €1.56 billion capital increase in two tranches, boosting its Eutelsat stake to 29.99 percent by year-end.
• A core group of investors, including CMA CGM, Bharti Airtel and the FSP fund, will commit €716 million at €4 per share in the first tranche.
• A subsequent €634 million rights issue will be open to all existing shareholders, with potential participation from the British government.
• Funds will refresh Eutelsat’s OneWeb LEO constellation with up to €2.2 billion for 440 satellites and support IRIS², Europe’s sovereign broadband project.
• The capital boost will reduce debt, improve financing terms and underwrite a €1 billion, 10-year French military communications contract.