OneWeb and Eutelsat eyeing merger

This week, French satellite firm Eutelsat has announced that it is in merger discussions with the UK’s OneWeb, seeking to combine the pair’s respective geostationary (GEO) and low Earth orbit (LEO) satellites.The discussions suggest that the newly created business would be owned 50:50 by the companies’ respective shareholders, creating a combined entity with the scale to take on the likes of Elon Musk’s Starlink constellation. OneWeb currently has 428 LEO satellites