Eutelsat secures 1 billion euros financing for Oneweb Satellite Procurement


FILE PHOTO: Eutelsat Group logo is pictured at their Paris headquarters in Issy-les-Moulineaux, France, April 3, 2025. REUTERS/Benoit Tessier/File Photo

Feb ⁠11 (Reuters) - Eutelsat has ⁠secured about ‌1 billion euros ($1.2 billion) in export credit ​financing to ⁠fund the ⁠procurement of low ⁠Earth orbit ‌satellites for ⁠its OneWeb constellation, it ​said ‌on Wednesday.

The financing, ⁠backed ​by a French state ⁠guarantee, will support ​a contract with Airbus for 340 ⁠satellites, subject to conditions including a bond ​issuance ⁠by Eutelsat Communications, ​the ‌company said.

($1 = 0.8389 ​euros)

(Reporting by Jerome Terroy)

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