Eutelsat Group is pressing ahead with the sale of land, buildings, support infrastructure, antennas and connectivity circuits for its portfolio of teleports and SNPs.
The Paris-based operator has exercised the put offer signed with private equity fund EQT Infrastructure VI in August.
The decision follows the completion of the consultation processes with relevant employee representative bodies of Eutelsat.
Eutelsat and EQT have now signed a binding Share Purchase Agreement.
Under the terms of the agreement, EQT will acquire an 80% stake in a newly created entity, while Eutelsat will retain a 20% holding.
The transaction values the new entity at an enterprise value of €790 million. Subject to regulatory examination, the deal is expected to close in the first quarter of 2026.
