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Eutelsat Communications ( (FR:ETL) ) has shared an announcement.
Eutelsat Communications has announced a €828 million reserved capital increase as part of a comprehensive financing strategy, with significant investments from the French State, Bharti Space Limited, the UK Government, CMA CGM Participations, and Le Fonds Stratégique de Participations. This capital increase, along with a planned €672 million rights issue, aims to enhance financial flexibility, support investment in Low Earth Orbit capabilities, and accelerate deleveraging. The company anticipates a Net Debt / Adjusted EBITDA ratio of approximately 2.5x by the end of FY 2025-26, positioning it well for future financing needs. Eutelsat confirms its financial objectives for FY 2025-26 and beyond, with expectations of significant growth in LEO revenues and an improved EBITDA margin.
More about Eutelsat Communications
Eutelsat is a global leader in satellite communications, providing 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 over 600 Low Earth Orbit satellites. Eutelsat serves four key verticals: Video, Mobile Connectivity, Fixed Connectivity, and Government Services, and is headquartered in Paris with over 1,600 employees across more than 75 countries.
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