We’re entering a new chapter with the announcement of a €1.35 billion capital increase, backed by our core shareholders, including the French State 🇫🇷 This strategic move strengthens our long-term vision and supports our ambitious growth plan in LEO connectivity, reinforcing our unique position as the only operator with a fully operational Low Earth Orbit constellation focused on B2B and B2G markets. With this solid financial foundation, we’re set to accelerate innovation and deliver even greater value to our partners and customers across the Americas and around the globe. #GEO #LEO #satellite #investment #innovation
Eutelsat Group today marks a decisive milestone in its development with the announcement of a €1.35 billion capital increase, backed by its core shareholders. This transformative operation will provide long-term support for our strategic trajectory and secure the financing of our growth ambitions in LEO connectivity. In a rapidly expanding global connectivity market, Eutelsat stands out through its unique position as the only European operator with a fully operational low Earth orbit constellation, exclusively focused on B2B and B2G markets. This operation, supported by the French State, affirms Eutelsat as a central player in Europe’s space strategy. This capital increase strengthens Eutelsat’s financial foundation, enabling the company to implement its roadmap with greater stability and a clear long-term vision: to be a competitive, resilient and sovereign European champion in satellite connectivity. Commenting on the announcement, Jean-François Fallacher, CEO of Eutelsat Group, stated: “Eutelsat enters a new chapter, centered on the deployment of LEO, a major innovative and technological revolution for the satellite industry. Thanks to its differentiated GEO-LEO positioning and global coverage, Eutelsat is ready to become a central player in the development of the European sovereign space of tomorrow. “I welcome the contemplated capital increase which will give Eutelsat the requisite financing to implement its strategic roadmap. I am grateful for the support of the French State and the ongoing commitment of our other anchor shareholders – Bharti, CMA CGM and FSP and thank them for their confidence.” You can find the full press release on our website via the link below ⤵️ https://lnkd.in/gUYAdmcY