Eutelsat Initiates €828 Million Reserved Capital Increase as Part of Its Broader Financing Strategy

Equity Raise Approval: Eutelsat's Board approved a €828 million equity raise through a reserved capital increase, with significant investments from the French State and other stakeholders, resulting in the French State holding a 29.65% stake in the company.

Future Financing Strategy: The company plans a further €672 million rights issue, with commitments from existing investors, as part of a broader financing strategy to enhance financial flexibility and support investments in Low Earth Orbit (LEO) capabilities.

Financial Outlook: Eutelsat aims for stable revenues and a slight decrease in adjusted EBITDA margin for FY 2025-26, with LEO revenues projected to grow by 50% year-on-year, and long-term goals include achieving a 60% EBITDA margin by FY 2028-29.

Company Overview: Eutelsat, formed from the merger with OneWeb, is a leading satellite communications provider with a diverse portfolio, including a fleet of GEO and LEO satellites, and is committed to delivering sustainable connectivity solutions globally.