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27th July 2022, 06:51 | #1 |
[M] Reviewer Join Date: May 2010 Location: Romania
Posts: 148,738
| Two of Europe's biggest internet satellite companies are merging to take on Starlink Internet satellite operators OneWeb and Eutelsat are planning to merge in the hopes of becoming a stronger rival to SpaceX's Starlink. The merger, which is subject to approval from regulators and Eutelsat shareholders, is expected to close by mid-2023 and it values OneWeb at $3.4 billion. Shareholders of OneWeb and Eutelsat will each own half of the combined company. https://www.engadget.com/oneweb-eute...3.html?src=rss |
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