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Eutelsat Communications ( (FR:ETL) ) just unveiled an update.
Eutelsat Communications successfully completed a €670 million rights issue as part of a €1.5 billion capital raise to strengthen its financial structure and support its strategic ambitions, including the deployment of its low Earth orbit satellite activities. The strong shareholder support reflects confidence in Eutelsat’s long-term strategic roadmap, and the capital increase will aid in funding investments of approximately €4 billion from 2026 to 2029, while reducing the company’s leverage ratio.
More about Eutelsat Communications
Eutelsat is a global leader in satellite communications, offering connectivity and broadcast services worldwide. Formed through the merger with OneWeb in 2023, it is the first fully integrated GEO-LEO satellite operator, with a fleet of 34 Geostationary satellites and a Low Earth Orbit constellation of over 600 satellites. Eutelsat serves customers in video distribution and high-growth connectivity markets, including Mobile Connectivity, Fixed Connectivity, and Government Services.
Learn more about ETL stock on TipRanks’ Stock Analysis page.