• Subscribe to our Daily News Emails
  • Advertise
    • Media Info
    • Terms & Conditions for Advertisers
    • Mechanical Data

Broadband TV News

Independent. Since 2003

  • Home
  • News Line
    • Central & East Europe
    • People
  • TV
    • On Demand/VOD
    • IPTV
    • Cable
    • Satellite
    • Terrestrial
    • Distribution
  • Business
  • Tech
  • Events
    • Events Diary
    • BTN Events
    • Events Coverage
    • Submit the details of your event
  • Features
  • Resources
    • White Papers

Eutelsat and OneWeb ink final deal

November 15, 2022 09.53 Europe/London By Chris Dziadul

Eutelsat and the main shareholders of OneWeb (Bharti, the UK Government, Softbank and Hanwha) have signed a final combination agreement.

According to Eutelsat, completion of the transaction remains subject to the customary conditions precedent, in particular the approval by the relevant regulatory authorities. Given the currently expected timetable for review by these authorities, the EGM of Eutelsat shareholders called to approve the transaction is now expected to be held in the second or third quarter of 2023. This possible change from the initially announced timetable should have no significant impact on the combined entity’s financial outlook released in connection with the proposed combination.

Eutelsat adds that upon completion of the transaction, the board of directors would be composed of 15 directors, including the chairman and a co-chairman (VP): the current chairman of Eutelsat (independent) who will be the chairman of the future board of directors, the current CEO of Eutelsat, who will remain as such, two directors proposed by Bharti, including Sunil Bharti Mittal as co-chairman, one director proposed by Bpifrance Participations, one director proposed by the UK Government, one independent director representing Fonds Stratégique de Participations, one independent director proposed by Hanwha, three independent directors proposed by OneWeb and four independent directors proposed by the board of directors of Eutelsat, three of whom are to be selected from among the current directors of Eutelsat. This would bring the number of independent directors on the Board to 67%.

As previously reported by Broadband TV News, in July this year Eutelsat and key OneWeb shareholders signed an MoU with a view to combine the two companies in an all-share transaction.

  • Click to share on Facebook (Opens in new window) Facebook
  • Click to share on X (Opens in new window) X
  • Click to share on LinkedIn (Opens in new window) LinkedIn
  • Click to share on WhatsApp (Opens in new window) WhatsApp

Related

Filed Under: Editor's Choice, Newsline, Platforms, Satellite Tagged With: Eutelsat, OneWeb Edited: 16 November 2022 13:26

Avatar photo

About Chris Dziadul

Latest News

  • MultiChoice planning revamp of DStv service
  • Eutelsat confirms UK involvement in capital increase
  • Broadcasters confirmed for Ligue 1 football coverage
  • DVB releases findings from Film Grain Synthesis study
  • TVP VOD reports large increase in linear channel streaming

Most Popular

  • Disney+ and ITVX agree reciprocal content share 
    Disney+ and ITVX agree reciprocal content share 
  • Macron announces UK support for Eutelsat
    Macron announces UK support for Eutelsat
  • Sky adds new rewards to loyalty programme
    Sky adds new rewards to loyalty programme
  • Sky Broadband becomes UK’s fastest service
    Sky Broadband becomes UK’s fastest service
  • Broadcasters confirmed for Ligue 1 football coverage
    Broadcasters confirmed for Ligue 1 football coverage
  • Max makes transition to HBO Max
    Max makes transition to HBO Max
  • Roku launches What to Watch
    Roku launches What to Watch

White Paper

Eutelsat planning capital increase to become European Starlink

The French state has bolstered its take in Eutelsat as part of a €1.35 billion capital increase. … [Download the White Paper ...]

Broadband TV News

  • Subscribe
  • About us
  • Contacts
  • Logos & Pictures
  • Privacy Policy
  • Terms and Conditions

Advertising

  • Media Info
  • Terms & Conditions
  • Mechanical Data
  • Video Services

News

  • Latest
  • Central & East Europe
  • TV
  • Tech
  • Streaming
  • Cable
  • Satellite
  • Terrestrial
  • IPTV
  • Business
  • People

Events

  • Events Diary
  • BTN Events
  • Submit the details of your event
  • Media Meet & Greet

Editorial

PO Box 499
Cambridge
United Kingdom
CB1 0AH
news@broadbandtvnews.com

Commercial

Arundel View Cottage
Wepham
West Sussex
BN18 9RA
sales@broadbandtvnews.com

Connect with Us

 

Copyright © 2025 Broadband TV News LLP · Log in

 

Loading Comments...
 

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.