Bharti Space to invest $170 million in French satcom firm Eutelsat
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Take your experience further with Premium access. Thought-provoking Opinions, Expert Analysis, In-depth Insights and other Member Only BenefitsBharti Space Ltd will further invest over $170 million in French satellite operator Eutelsat Communications SA through a rights offering as part of the latter’s €$1.75 billion capital raising plan, the Starlink competitor said in a statement on Thursday.
With this, Bharti’s shareholding in Eutelsat would get revised to 17.8%. The French government will become the largest shareholder with a 29.65% stake.
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