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Eutelsat finalises sale of OneWeb’s stake in Airbus joint venture

The agreement reflects Eutelsat Group’s ongoing management of its assets with a view to optimising and monetising its portfolio as part of its debt reduction efforts.

Eutelsat Group has completed the sale of OneWeb’s 50% share in the Airbus OneWeb Satellites joint venture. The stake, pertaining to the Florida-based company responsible for constructing satellites for the OneWeb First Generation constellation, has been acquired by co-owner Airbus US Space & Defense, Inc.

This strategic move aligns with Eutelsat Group’s ongoing commitment to efficiently manage its assets, optimising and monetising its portfolio as part of a broader effort to reduce debt.

Massimiliano Ladovaz of Eutelsat Group said: “We are proud to have partnered with Airbus in this joint venture which has assured the successful build of OneWeb’s First Generation constellation, and we are confident the business will continue to thrive by addressing the growing demand for small sats, with a best-in-class, competitive offer. Looking ahead, Eutelsat Group will benefit from being able to call on a more diversified range of suppliers for its future in-orbit needs, including Airbus which remains one of our most trusted partners.”