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Eutelsat OneWeb: Finance

Question for Department for Science, Innovation and Technology

UIN HL4000, tabled on 22 April 2024

To ask His Majesty's Government what is the current value of the Government's stake in Eutelsat OneWeb.

Answered on

7 May 2024

Eutelsat OneWeb is a UK-based subsidiary of Eutelsat Group. At close of trading on 26 April 2024, the market value of the UK Government’s shareholding in Eutelsat Group was approximately €201 million or £171 million.

The Government’s investment into OneWeb has already created or protected around 400 UK jobs and Eutelsat OneWeb continues to ramp up commercial operations, with an order book of approximately €700m according to the company’s public filings.