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Eutelsat seeks to raise €1.5B for LEO satellite build out
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Eutelsat seeks to raise €1.5B for LEO satellite build out
Eutelsat reportedly has conducted talks with investors to raise €1.5 billion ($1.7 billion) to expand its low earth orbit (LEO) satellite constellation. Bloomberg explained the satellite operator is in discussions with the French government, investor Fonds Strategique de Participations, shipping company CMA CGM and the UK government for the fresh funds. The news agency noted the French government’s current 13.6 per cent stake in Eutelsat could i…
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