Eutelsat

Bharti to invest additional Rs 3,700 cr into OneWeb

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Bharti to invest additional Rs 3,700 cr into OneWeb

NEW DELHI: Bharti will invest an additional USD 500 million (over Rs 3,700 crore) into OneWeb, to become the largest shareholder in the satellite communications company that billionaire Sunil Mittal-run Bharti Group along with the UK government had rescued from bankruptcy last year. The investment is a result of exercise of a ‘call option’ by … Read more

Bharti backed-OneWeb to raise $550 mn from France’s Eutelsat

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Bharti backed-OneWeb to raise 0 mn from France’s Eutelsat

Kolkata: Bharti Group-backed OneWeb is raising $550 million (Rs 4,103 crore approx) by selling a 24% stake to French satellite operator, Eutelsat Communications, bringing its total funding to $1.9 billion, and helping it inch closer to launching a first-generation satellite fleet, totalling 648 satellites next year. Eutelsat, a geo-stationary satellite operator, will be a significant … Read more