Eutelsat, a geo-stationary satellite operator, will be a significant equity partner and enjoy similar governance rights to the UK government and Bharti Global, who co-own OneWeb.
Bharti Group-backed OneWeb is raising $550 million (Rs 4,103 crore approx) by selling a 24% stake to French satellite operator, Eutelsat Communications, bringing its total funding to $1.9 billion, and helping it inch closer to launching a first-generation satellite fleet, totalling 648 satellites next year.
