PARIS — Eutelsat may have acted too soon in concluding its deal to take ownership of the OneWeb broadband satellite constellation operator, agreeing to other shareholders’ terms that might have been dropped or diluted at a later date.
As now agreed, the transaction leaves the British government’s “golden share” fully intact, complicating Eutelsat and OneWeb efforts to make their network attractive to the European Union. The deal also gives other OneWeb shareholders 50% of the combined Eutelsat-OneWeb, which is generous given OneWeb's cash needs and . . .
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