From Yahoo Finance: 2025-06-05 02:00:00

South Korea’s Hanwha Systems sells its 5.4% stake in Eutelsat for 77.6 million euros. Eutelsat seeks new investors amid attention as an alternative to SpaceX’s Starlink. Eutelsat faces losses and seeks funding for OneWeb satellites and EU commitments. Hanwha sold shares at a 13.9% discount, marking a 70.5% loss on their initial investment.

Eutelsat’s Paris-listed shares fell 14.8% after Hanwha’s sale. Bondholder confidence improves as bond yield falls to 7.71%. Hanwha’s strategic shift focuses on defense-related satellites over civilian operations. Hanwha resigns from Eutelsat board, signaling reduced involvement with the satellite operator.

France may double stake in Eutelsat, raising 1.5 billion euros. Eutelsat appoints new CEO and seeks new chairperson. Hanwha was a OneWeb shareholder before its merger with Eutelsat, focusing on LEO communications in South Korea. Starlink and Eutelsat OneWeb gain licenses to operate in South Korea.



Read more at Yahoo Finance: South Korea’s Hanwha offloads Eutelsat stake as Starlink rival seeks new investors