{"id":142795,"date":"2022-07-24T20:03:20","date_gmt":"2022-07-25T01:03:20","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2022\/07\/frances-eutelsat-close-to-deal-for-uk-satellite-operator-oneweb-sources"},"modified":"2022-07-24T20:03:20","modified_gmt":"2022-07-25T01:03:20","slug":"frances-eutelsat-close-to-deal-for-uk-satellite-operator-oneweb-sources","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2022\/07\/frances-eutelsat-close-to-deal-for-uk-satellite-operator-oneweb-sources","title":{"rendered":"France\u2019s Eutelsat close to deal for UK satellite operator OneWeb \u2014sources"},"content":{"rendered":"<p><a class=\"aligncenter blog-photo\" href=\"https:\/\/lifeboat.com\/blog.images\/frances-eutelsat-close-to-deal-for-uk-satellite-operator-oneweb-sources2.jpg\"><\/a><\/p>\n<p>LONDON\/PARIS, July 24 (Reuters) \u2014 French satellite company Eutelsat <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/ETL.PA\" target=\"_blank\" class=\"\">(ETL.PA)<\/a> 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.<\/p>\n<p>OneWeb was valued at $3.4 billion in its most recent funding round, one of the sources said. Eutelsat already has a 23% stake in OneWeb and is its second-biggest shareholder.<\/p>\n<p>The merger of the two companies would strengthen their position in the race to build a constellation of low-orbit satellites, challenging the likes of Elon Musk-owned SpaceX\u2019s Starlink and <a href=\"http:\/\/Amazon.com\">Amazon.com<\/a> Inc\u2019s <a data-testid=\"Link\" href=\"https:\/\/www.reuters.com\/companies\/AMZN.O\" target=\"_blank\" class=\"\">(AMZN.O)<\/a> Project Kuiper.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LONDON\/PARIS, July 24 (Reuters) \u2014 French satellite company Eutelsat (ETL.PA) 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. OneWeb was valued at $3.4 billion in its most recent funding round, one of the sources said. Eutelsat [\u2026]<\/p>\n","protected":false},"author":396,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2019,418,2028],"tags":[],"class_list":["post-142795","post","type-post","status-publish","format-standard","hentry","category-elon-musk","category-internet","category-satellites"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/142795","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/396"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=142795"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/142795\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=142795"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=142795"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=142795"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}