Eutelsat Group Moves Ahead with Major Stake Sale to EQT

Eutelsat Group Confirms Major Stake Sale to EQT Infrastructure

Eutelsat Group has made a significant move by exercising its put option with EQT Infrastructure. This strategic decision revolves around a majority stake in a newly created entity that will manage Eutelsat's passive ground infrastructure assets. This action marks a pivotal step in the organization’s evolution, allowing Eutelsat to focus on its core capabilities.

Details of the Share Purchase Agreement

The agreement with EQT has led to the signing of a binding Share Purchase Agreement (SPA). This transaction is about carving out Eutelsat's passive ground infrastructure assets, including land, buildings, and antennas, to establish a new standalone legal entity. Under this arrangement, EQT will acquire an 80% equity stake, while Eutelsat retains a 20% share, allowing it to remain a key partner.

Valuation and Future Outlook

With an enterprise value of €790 million, this deal positions Eutelsat for future growth. While the closure is subject to various customary conditions, the expected timeline for concluding this transaction falls within the first quarter of the calendar year 2026. This timeline provides a framework for both companies to further collaborate and innovate in the evolving satellite communications sector.

Eutelsat Group's Strategic Vision

As a leader in satellite communications, Eutelsat Group provides extensive connectivity and broadcast services globally. Established from the merger with OneWeb in 2023, Eutelsat has emerged as the first fully integrated GEO-LEO satellite operator. The organization now operates a robust fleet of 35 geostationary satellites and a LEO constellation boasting over 600 satellites, which enhances its service delivery capabilities.

Focus on Diverse Markets

Eutelsat serves customers across key verticals, including Video, where it broadcasts more than 6,500 television channels, as well as high-growth domains like Mobile Connectivity, Fixed Connectivity, and Government Services. This diverse operational landscape positions the company to respond effectively to the increasing demands for seamless connectivity.

Commitment to Sustainable Connectivity

Headquartered in Paris, Eutelsat employs over 1,500 individuals worldwide across more than 50 countries. The Group remains committed to providing secure, resilient, and environmentally sustainable connectivity. This dedication not only addresses current market needs but also plays a role in bridging the digital divide, ensuring a connected future for all.

Frequently Asked Questions

What is the significance of Eutelsat's sale to EQT Infrastructure?

This sale helps Eutelsat streamline its operations by divesting passive ground infrastructure while allowing it to maintain a significant equity stake in the new entity.

What will EQT Infrastructure acquire in this deal?

EQT will acquire an 80% stake in the new entity formed to manage Eutelsat's passive ground infrastructure assets.

What is the expected timeline for the closure of this transaction?

The closing of the deal is anticipated in the first quarter of 2026, subject to customary conditions.

How does Eutelsat's merger with OneWeb enhance its capabilities?

The merger has enabled Eutelsat to become the first fully integrated GEO-LEO satellite operator, significantly broadening its service offerings and operational capabilities.

What are Eutelsat's core areas of service?

Eutelsat's services span various sectors including Video, Mobile Connectivity, Fixed Connectivity, and Government Services, addressing the diverse needs of its global customers.

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