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Eutelsat finalises sale of OneWeb’s stake in Airbus joint venture

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    Cairo Film Fest sets new date to avoid clash with RSIFF

    Cairo International Film Festival opens submissions for 46th edition

    TwelveP brings exclusive Eid special of ‘Orange Moo Cow’ as part of co-production

    TwelveP brings exclusive Eid special of ‘Orange Moo Cow’ as part of co-production

    TOD Studios announces second season of Turkish series ‘Doors of Destiny’

    TOD Studios announces second season of Turkish series ‘Doors of Destiny’

    Intelsat secures approval to launch direct broadcast services

    Intelsat secures approval to launch direct broadcast services

    Myco crowns first-ever viewer millionaire through ‘Watch & Earn’ model

    Myco crowns first-ever viewer millionaire through ‘Watch & Earn’ model

    Gaming revenue in Saudi Arabia to reach $6.8bn by 2030: BCG

    BLAST and eCLUTCH strike global esports broadcast deal

    Space42 opens MENA’s first HAPS manufacturing facility in Abu Dhabi

    Space42 opens MENA’s first HAPS manufacturing facility in Abu Dhabi

    The OTT journey – Learning from the experts

    Irdeto and Anypoint Media expand partnership to boost OTT monetisation

    Al Jazeera Documentary Channel invites submissions for 2025 Industry Days

    E& UAE launches region’s first 5G slicing technology

    E& UAE launches region’s first 5G slicing technology

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      Cairo Film Fest sets new date to avoid clash with RSIFF

      Cairo International Film Festival opens submissions for 46th edition

      TwelveP brings exclusive Eid special of ‘Orange Moo Cow’ as part of co-production

      TwelveP brings exclusive Eid special of ‘Orange Moo Cow’ as part of co-production

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      TOD Studios announces second season of Turkish series ‘Doors of Destiny’

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      Myco crowns first-ever viewer millionaire through ‘Watch & Earn’ model

      Gaming revenue in Saudi Arabia to reach $6.8bn by 2030: BCG

      BLAST and eCLUTCH strike global esports broadcast deal

      Space42 opens MENA’s first HAPS manufacturing facility in Abu Dhabi

      Space42 opens MENA’s first HAPS manufacturing facility in Abu Dhabi

      The OTT journey – Learning from the experts

      Irdeto and Anypoint Media expand partnership to boost OTT monetisation

      Al Jazeera Documentary Channel invites submissions for 2025 Industry Days

      E& UAE launches region’s first 5G slicing technology

      E& UAE launches region’s first 5G slicing technology

      Trending Tags

      • broadcast
      • MENA broadcast
      • ConnecTech2019
    • Tech Features
      • All
      • CASE STUDIES
      • New Media
      • REVIEWS
      • TV/Radio Deals
      • Updates from FOMEX
      • Virtual Production Series
      Playing to win

      Playing to win

      The expanding role of AI in broadcast

      The expanding role of AI in broadcast

      The power of podcasts and audio streaming in MENA

      The power of podcasts and audio streaming in MENA

      Tech strategies for an evolving modern MENA media ecosystem

      Tech strategies for an evolving modern MENA media ecosystem

      SMF and FOMEX bring top industry leaders together in Riyadh – Part II

      SMF and FOMEX bring top industry leaders together in Riyadh – Part IV

      SMF and FOMEX bring top industry leaders together in Riyadh – Part I

      SMF and FOMEX bring top industry leaders together in Riyadh – Part III

      SMF and FOMEX bring top industry leaders together in Riyadh – Part II

      SMF and FOMEX bring top industry leaders together in Riyadh – Part II

      SMF and FOMEX bring top industry leaders together in Riyadh – Part I

      SMF and FOMEX bring top industry leaders together in Riyadh – Part I

      Transforming the entertainment experience with tech

      Transforming the entertainment experience with tech

      Media leaders embrace digital transformation

      Media leaders embrace digital transformation

      Trending Tags

      • Videos
        Ignacio Gonzalez-Nuñez on Eutelsat’s new offering and market leadership

        Ignacio Gonzalez-Nuñez on Eutelsat’s new offering and market leadership

        Francesco Cataldo on iKO Media Group’s CABSAT showcase and broadcast trends

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        Deepraj Sandhar on Ross Video’s Middle East growth and broadcast tech trends

        Deepraj Sandhar on Ross Video’s Middle East growth and broadcast tech trends

        Reema Omari

        Reema Omari on Universal Satcom’s growth and connectivity solutions

        Mustafa Afifi

        Mustafa Afifi of Rivada Space on Outernet’s impact in the Middle East

        Don

        ST Engineering iDirect CEO Don Claussen on Mideast ties and satellite strategy

        KSASummit

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        The Power of Podcasts & Audio Streaming in Saudi Arabia

      • Opinion
        Bridging the Latency Gap with Broadcast in a Streaming World

        Bridging the Latency Gap with Broadcast in a Streaming World

        YouTube in Ramadan: The silent giant

        YouTube in Ramadan: The silent giant

        Evision’s transformation proves that business acumen and passion drive success

        Sport’s Growing Grip on MENA Media

        MEASA’s media and communications innovations set new benchmarks beyond regional boundaries

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        Integrate ME 2023 brings its inaugural edition to successful conclusion

        Empowering the next generation of content creation and live broadcasting with AV PRO

        Decoding the Ramadan Drama Phenomenon: What Makes a Winner?

        Decoding the Ramadan Drama Phenomenon: What Makes a Winner?

        Reviving cultural identity through native storytelling in Abu Dhabi

        Reviving cultural identity through native storytelling in Abu Dhabi

        Why it’s game on for broadcasters of live sport

        Why it’s game on for broadcasters of live sport

        Evision’s transformation proves that business acumen and passion drive success

        Saudi Arabia emerges as the epicentre of Media & Entertainment in 2025

        Film and Beyond: Leapfrogging into the global screen industry

        Film and Beyond: Leapfrogging into the global screen industry

      • Interviews
        • All
        • Lounge
        Breaking barriers, building futures: The new face of IABM

        Breaking barriers, building futures: The new face of IABM

        New Leadership, Same Strategy, Sharpened Focus

        New Leadership, Same Strategy, Sharpened Focus

        Creating Captain Shedeed: A superhero with Arab roots

        Creating Captain Shedeed: A superhero with Arab roots

        UAE Pro League flips the field

        UAE Pro League flips the field

        Bringing the wild to the Middle East

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        Shades of success

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        Navigating the news wave

        From archive to asset

        From archive to asset

        Clarity in motion

        Clarity in motion

        Using AI to keep history real

        Using AI to keep history real

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      Home News Satellite/Comms

      Eutelsat finalises sale of OneWeb’s stake in Airbus joint venture

      Staff Reporter by Staff Reporter
      January 30, 2024
      in Satellite/Comms
      ShareTweetPostEmail

      The agreement reflects Eutelsat Group’s ongoing management of its assets with a view to optimising and monetising its portfolio as part of its debt reduction efforts.

      Eutelsat Group has completed the sale of OneWeb’s 50% share in the Airbus OneWeb Satellites joint venture. The stake, pertaining to the Florida-based company responsible for constructing satellites for the OneWeb First Generation constellation, has been acquired by co-owner Airbus US Space & Defense, Inc.

      This strategic move aligns with Eutelsat Group’s ongoing commitment to efficiently manage its assets, optimising and monetising its portfolio as part of a broader effort to reduce debt.

      Massimiliano Ladovaz of Eutelsat Group said: “We are proud to have partnered with Airbus in this joint venture which has assured the successful build of OneWeb’s First Generation constellation, and we are confident the business will continue to thrive by addressing the growing demand for small sats, with a best-in-class, competitive offer. Looking ahead, Eutelsat Group will benefit from being able to call on a more diversified range of suppliers for its future in-orbit needs, including Airbus which remains one of our most trusted partners.”

      Tags: AirbusEutelsat Groupjoint ventureOneWebOneWeb satellites

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