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France backs Eutelsat’s $1.2B plan to launch 340 new OneWeb satellites for global broadband.
Eutelsat has secured €1 billion ($1.2 billion) in export credit financing backed by the French government to build 340 new low Earth orbit satellites for its OneWeb constellation.
The funding, provided through Bpifrance, supports a contract with Airbus Defence and Space for satellite production in Toulouse.
The project, contingent on a bond issuance, aims to replace aging satellites and enhance global broadband services for enterprise, maritime, aviation, and government users.
The expansion strengthens Europe’s strategic autonomy in satellite infrastructure amid competition from companies like SpaceX and Amazon.
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Francia apoya el plan de 1.200 millones de dólares de Eutelsat para lanzar 340 nuevos satélites OneWeb para la banda ancha global.