Bharti Airtel : French satellite firm Eutelsat raises stake in UK company OneWeb

Published: 2021-10-06 02:53:53 ET BHARTIARTL.NS

"Eutelsat Communications has exercised a call option on a portion of the latest OneWeb funding round subscribed by Bharti, for a consideration of $165 million, taking its shareholding from 17.6% to 22.9%," it said on Wednesday.

Last month, Drahi, whose business interests include auction house Sotheby's and media group Altice, made a 12.10 euros per share offer for Eutelsat, which was rejected.

(Reporting by Sudip Kar-Gupta; editing by Jason Neely)