The state company FSUE Kosmicheskaya Svyaz may become a shareholder of the OneWeb satellite communications operator, Izvestia writes.

FSUE Kosmicheskaya Svyaz owns a 3.4% stake in Eutelsat. In July, Eutelsat announced a merger with OneWeb. Shares in the combined company will be distributed equally between Eutelsat and OneWeb. After the merger of FSUE Kosmicheskaya Svyaz, you can get a little less than 1.7% of the shares.

But everything will depend on the person, which Eutelsat legal group will be involved in the transaction. FSUE Kosmicheskaya Svyaz can simply be affiliated with OneWeb through a chain of companies.

If OneWeb shares are available, FSUE Kosmicheskaya Svyaz will request financial and reporting documentation, take part in shareholder voting and receive dividends.

OneWeb is one of the largest satellite operators in the world. It launched 648 satellites into orbit, which provide Internet speeds up to 8 Gb / s. Only Elon Musk’s Starlink can have such coverage and speed outside of OneWeb. [Известия]

Source: Iphones RU

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