{"id":22013,"date":"2025-07-17T16:15:27","date_gmt":"2025-07-17T15:15:27","guid":{"rendered":"https:\/\/telecomkh.info\/?p=22013"},"modified":"2025-07-21T16:48:22","modified_gmt":"2025-07-21T15:48:22","slug":"the-uk-to-participate-in-contemplated-capital-increase-announced-by-eutelsat-taking-the-total-amount-to-e1-5-billion","status":"publish","type":"post","link":"https:\/\/telecomkh.info\/?p=22013","title":{"rendered":"The UK to participate in contemplated capital increase announced by Eutelsat"},"content":{"rendered":"

Eutelsat announces that The United Kingdom[1] is to participate in the contemplated capital increase announced by Eutelsat on June 19, 2025. This additional participation from another key reference shareholder will increase the total amount to be raised to \u20ac1.5 billion, further underpinning the execution of Eutelsat\u2019s long-term strategic vision<\/strong><\/p>\n

His Majesty\u2019s Government, via The Secretary of State for Science, Innovation and Technology of the United Kingdom, has joined The French State via the APE (Agence des Participations de l\u2019Etat), Bharti Space Limited, CMA CGM, and FSP (together the \u201cReserved Capital Increase Investors\u201d) in a commitment to subscribe to the Reserved Capital Increase and the Rights Issue pro-rata its shareholding post the Reserved Capital Increase, for a total amount invested of \u20ac163.3 million.
\nThe commitments of the Reserved Capital Increase investors remain subject to, inter alia, shareholders\u2019 approvals at an Extraordinary Shareholders\u2019 Meeting to be held around the end of the third quarter of calendar 2025, customary regulatory approvals, as well as the execution, under mutually acceptable conditions, of an amended, non-concerting shareholders\u2019 agreement reflecting the ownership structure post Reserved Capital Increase. Subject to the above, the Reserved Capital Increase Investors have also committed to vote in favour of the transaction at the extraordinary shareholders\u2019 meeting (which would implement the governance[2]changes in connection with the Reserved Capital Increase and during which the Company will also request new authorisations for the Rights Issue) and to maintain their share ownership until the launch of the Rights Issue.
\nThe Reserved Capital Increase would amount to \u20ac828 million, to be subscribed by the French State via APE for \u20ac551 million, Bharti Space Limited for \u20ac30 million, His Majesty\u2019s Government for \u20ac90 million, CMA CGM for \u20ac100 million, and FSP for \u20ac57 million. The subsequent Rights Issue would amount to \u20ac672 million.
\nThe Reserved Capital Increase and the Rights Issue are expected to be completed by the end of calendar 2025.
\nFollowing the two transactions, and subject to participation from investors, the French State would hold a stake of 29.65% of the capital and voting rights, while Bharti Space Limited, His Majesty\u2019s Government, CMA CGM and FSP would respectively hold 17.88%, 10.89%, 7.46%, and 4.99% of the share capital and voting rights, being specified that the Reserved Capital Increase Investors would not be in a position to launch a public takeover.
\nJean-Fran\u00e7ois Fallacher, Chief Executive Office of Eutelsat, stated: \u201cWe are delighted by this support from His Majesty\u2019s Government, which has been one of the mainstays of OneWeb, and subsequently Eutelsat\u2019s anchor shareholders from the outset of our Low Earth Orbit journey. In the current environment it is crucial that our countries continue to collaborate and support each other, including in Space, which has become a key sovereign strategic asset. We remain committed to the UK which we consider as one of our home markets and to supporting the development of OneWeb to address the needs of all our sovereign and commercial stakeholders.\u201d
\nThe Rt Hon Peter Kyle, Secretary of State for Science, Innovation and Technology added: \u201cFrom checking the weather forecast on our phones to navigating with GPS in our cars, satellites underpin industrial activity worth \u00a3364 billion to the UK economy. But their critical role extends far beyond economic growth. As our adversaries increasingly use space technologies to harm us, resilient satellite connectivity has become essential to our continent\u2019s national security. This investment reflects our commitment to support the development of these critical technologies and maintain an important stake in the global satellite communications sector.\u201d<\/p>\n

[1] His Majesty\u2019s Government via The Secretary of State for Science, Innovation and Technology of the United Kingdom<\/span>
\n[2] At this stage, the non-concert agreement would provide the Investors in the Reserved Capital Increase a board representation, proportional to their shareholding (with half of the board composed of independent directors).<\/span><\/p>\n

Above, image credited to Eutelsat<\/em><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Eutelsat announces that The United Kingdom[1] is to participate in the contemplated capital increase announced by Eutelsat on June 19, 2025. This additional participation from another key reference shareholder will increase the total amount to be raised to \u20ac1.5 billion, further underpinning the execution of Eutelsat\u2019s long-term strategic vision His Majesty\u2019s Government, via The Secretary … <\/p>\n

Continue reading \u00abThe UK to participate in contemplated capital increase announced by Eutelsat\u00bb<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":22014,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[43],"tags":[],"_links":{"self":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts\/22013"}],"collection":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=22013"}],"version-history":[{"count":2,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts\/22013\/revisions"}],"predecessor-version":[{"id":22025,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/posts\/22013\/revisions\/22025"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=\/wp\/v2\/media\/22014"}],"wp:attachment":[{"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=22013"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=22013"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomkh.info\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=22013"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}