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Eutelsat Communications ( (FR:ETL) ) has provided an announcement.
Eutelsat Communications has announced a €670 million rights issue as part of a €1.5 billion capital raise to support its strategic ambitions, including the deployment of LEO satellite activities and the IRIS2 constellation. This capital raise, alongside a refinancing plan, aims to finance a medium-term plan covering €4 billion in investments from 2026 to 2029, while reducing the company’s leverage ratio, thereby reinforcing its financial structure and market competitiveness.
More about Eutelsat Communications
Eutelsat Communications is a global leader in satellite communications, focusing on providing satellite-based connectivity solutions. The company is involved in deploying low Earth orbit (LEO) satellite activities and is working on the future IRIS2 constellation, aiming to enhance its market position by strengthening its financial flexibility and reducing debt.
For detailed information about ETL stock, go to TipRanks’ Stock Analysis page.