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LONDON - Satellite communications provider Eutelsat Group announced Tuesday it has published its UK prospectus after receiving approval from the UK’s Financial Conduct Authority. The document relates to the company’s application for admission of its ordinary shares to the Equity Shares category of the Official List and to trading on the Main Market of the London Stock Exchange.
The prospectus publication follows Eutelsat’s earlier announcement of a capital raise. The document is now available on the company’s website and will be uploaded to the National Storage Mechanism.
Eutelsat, formed through the 2023 combination with OneWeb, operates as an integrated GEO-LEO satellite operator with a fleet of 34 Geostationary satellites and a Low Earth Orbit constellation exceeding 600 satellites. The company serves four key market segments: Video, Mobile Connectivity, Fixed Connectivity, and Government Services.
The Paris-headquartered firm distributes approximately 6,400 television channels and employs more than 1,600 people across over 75 countries. Eutelsat is currently listed on the Euronext Paris Stock Exchange (ticker:ETL) and will maintain the same ticker symbol (ETL) on the London Stock Exchange.
The company noted in its press release statement that the prospectus has been prepared in accordance with UK Prospectus Regulation pursuant to Section 73(A) of the Financial Services and Markets Act 2000 and approved by the Financial Conduct Authority.
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