Stock Market News

French Eutelsat is poised to buy British One Web

2022.07.24 15:09

French Eutelsat is poised to buy British One Web
French Eutelsat is poised to buy British One Web

Budrigannews.com – French satellite company Eutelsat is poised to buy British rival OneWeb in a deal that could be announced as early as Monday, two sources close to the negotiations said on Sunday.

The combination of the two companies would strengthen their position in the race to build a constellation of low-orbit satellites, challenging the likes Elon Musk’s Starlink.

The proposed takeover will leave the British government with a minority stake in the business it rescued from bankruptcy in partnership with India’s Bharti Global in July 2020, one of the sources said.

Eutelsat, OneWeb’s second-biggest shareholder behind Bharti with a 23% stake, declined to comment.

 

French Eutelsat is poised to buy British One Web

Related Articles

Leave a Reply

Back to top button
bitcoin
Bitcoin (BTC) $ 82,039.98 3.02%
ethereum
Ethereum (ETH) $ 1,898.24 2.54%
tether
Tether (USDT) $ 0.999939 0.02%
xrp
XRP (XRP) $ 2.26 4.90%
bnb
BNB (BNB) $ 632.55 0.58%
solana
Solana (SOL) $ 123.96 5.06%
usd-coin
USDC (USDC) $ 1.00 0.01%
cardano
Cardano (ADA) $ 0.692985 4.89%
dogecoin
Dogecoin (DOGE) $ 0.16563 5.77%
tron
TRON (TRX) $ 0.230009 4.56%
staked-ether
Lido Staked Ether (STETH) $ 1,895.80 2.54%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 81,871.94 3.03%
leo-token
LEO Token (LEO) $ 9.73 0.83%
the-open-network
Toncoin (TON) $ 3.59 2.99%
chainlink
Chainlink (LINK) $ 13.64 3.87%
usds
USDS (USDS) $ 1.00 0.00%
stellar
Stellar (XLM) $ 0.268802 2.39%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,268.63 2.48%
hedera-hashgraph
Hedera (HBAR) $ 0.185213 4.43%
pi-network
Pi Network (PI) $ 1.13 16.76%
avalanche-2
Avalanche (AVAX) $ 18.55 2.51%
shiba-inu
Shiba Inu (SHIB) $ 0.000012 5.20%
sui
Sui (SUI) $ 2.26 4.56%
mantra-dao
MANTRA (OM) $ 6.94 1.50%
litecoin
Litecoin (LTC) $ 88.43 5.46%
polkadot
Polkadot (DOT) $ 4.38 0.92%
bitcoin-cash
Bitcoin Cash (BCH) $ 332.20 2.51%
bitget-token
Bitget Token (BGB) $ 4.60 3.83%
ethena-usde
Ethena USDe (USDE) $ 0.999684 0.06%
weth
WETH (WETH) $ 1,897.10 2.48%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999903 0.04%
hyperliquid
Hyperliquid (HYPE) $ 13.43 1.55%
whitebit
WhiteBIT Coin (WBT) $ 28.18 1.44%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,015.39 2.58%
monero
Monero (XMR) $ 207.01 2.37%
uniswap
Uniswap (UNI) $ 6.27 1.54%
susds
sUSDS (SUSDS) $ 1.04 0.07%
dai
Dai (DAI) $ 1.00 0.01%
aptos
Aptos (APT) $ 5.27 2.46%
okb
OKB (OKB) $ 50.66 0.58%
near
NEAR Protocol (NEAR) $ 2.53 5.21%
pepe
Pepe (PEPE) $ 0.000007 8.50%
internet-computer
Internet Computer (ICP) $ 5.68 5.73%
mantle
Mantle (MNT) $ 0.80339 2.77%
gatechain-token
Gate (GT) $ 21.66 1.27%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.90 2.04%
ethereum-classic
Ethereum Classic (ETC) $ 17.41 3.62%
ondo-finance
Ondo (ONDO) $ 0.817321 7.30%
aave
Aave (AAVE) $ 168.28 4.90%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,004.97 3.10%