French satellite firm Eutelsat raises stake in UK company OneWeb - NewsBreak

PARIS (Reuters) - French satellite company Eutelsat, which rejected a takeover proposal from billionaire Patrick Drahi, said it had raised its stake in London-headquartered communications network company OneWeb to 22.9%. "Eutelsat Communications has exercised a call option on a portion of the latest OneWeb funding round subscribed by Bharti, for a consideration of $165 million, taking its shareholding from 17.6% to 22.9%," it said on Wednesday.