October 12, 2022 – Eutelsat Communications today host a Strategic Update on the proposed combination with OneWeb, announced in July 2022. Eutelsat and key OneWeb shareholders signed a Memorandum of Understanding in July 2022, with a view to combining Eutelsat and OneWeb in an all-share transaction, whereby Eutelsat and OneWeb shareholders will each hold 50% of the Eutelsat shares. The proposed combination represents a transformational transaction aimed at creating a global leader particularly well positioned to capture the fast-growing Satellite Connectivity market by offering the first global combined GEO/LEO infrastructure. The combination represents the logical next step in Eutelsat and OneWeb’s growing cooperation since Eutelsat’s initial investment in OneWeb in April 2021, which paved the way for major commercial distribution partnerships and multiple joint technical initiatives, including common workstreams to shape the next generation systems for hybrid GEO/LEO infrastructure. Following completion of the combination, Eutelsat and OneWeb will begin working together on the design of OneWeb’s future Gen 2 constellation. In this context, both Eutelsat and OneWeb are convinced that the time is right to take their partnership to the next level via the proposed combination.