Eutelsat OneWeb

Eutelsat adds a further 340 Airbus-built OneWeb satellites, bringing the refresh orderbook to 440, and secures almost EUR 1 billion of export-credit financing to support procurement and continuity of service.

On March 5, 2026, Eutelsat closes a EUR 1.5B senior notes offering, completing the final milestone of its comprehensive ~EUR 5B equity and debt financing strategy. The plan — combining a EUR 1.5B capital raise, export-credit agency financings, and extended bank debt maturities — is designed to cover all projected investment needs through 2026-2029. Credit rating upgrades follow: Moody's (up two notches to Ba3) and Fitch (up three notches to BB, Stable).

On June 15, 2026, Eutelsat signs the CENTAURE contract through France's Directorate General of Armaments (DGA) — the first call-off order under the ~EUR 1B NEXUS framework agreement with the French Ministry of the Armed Forces. The deal is worth circa EUR 350M over up to eight years, including a firm initial EUR 138M commitment across four years, to provide OneWeb LEO capacity across areas of strategic interest to the French Armed Forces and enhance the security of Eutelsat's LEO services during the ramp-up of Europe's IRIS2 program.

On June 16, 2026, Eutelsat and Mercury (formerly MSTelcom, a Sonangol Group subsidiary) signed a new multi-year, multi-million-dollar agreement to expand OneWeb LEO connectivity for enterprise, offshore, public-sector, and telecom customers across Angola. Building on a prior November 2025 deal, it deepens Eutelsat's position as the only licensed LEO operator in Angola and reflects growing demand for low-latency connectivity in underserved and offshore African markets.

On June 22, 2026, Eutelsat and AST Networks — one of Eutelsat's longest-standing distribution partners — signed a new multi-year, multi-million-dollar agreement under which AST Networks expands its use of OneWeb LEO connectivity within the hybrid maritime solutions it delivers to shipowners worldwide, reflecting accelerating demand for resilient at-sea connectivity.

Eutelsat completes a EUR 1.5 billion capital raise through reserved capital increases and a rights issue backed by the French state, UK Government, Bharti, CMA CGM, and FSP to fund its strategic roadmap and deleveraging plan.

OneWeb completes global coverage and the merger with Eutelsat is finalized, creating the first fully integrated GEO-LEO satellite operator.

The UK Government and Bharti Global provide $1 billion of new funding to restart OneWeb and support completion of the constellation after its 2020 bankruptcy process.

OneWeb launches its first 6 demonstration satellites in February 2019, beginning the constellation deployment campaign.

Greg Wyler founds WorldVu Satellites (later renamed OneWeb) with the vision of providing global internet connectivity through a large LEO satellite constellation.