Eutelsat OneWeb: Finance
(asked on 22nd April 2024) - View Source
Question to the Department for Science, Innovation & Technology:
To ask His Majesty's Government what is the current value of the Government's stake in Eutelsat OneWeb.
Answered by
Viscount Camrose
Parliamentary Under Secretary of State (Department for Science, Innovation and Technology)
This question was answered on 7th 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.