Deals
UK Satellite Operator OneWeb Said Near Merger With Eutelsat
- Deal would create pan-European competitor to Musk’s Starlink
- UK to retain stake in deal valuing OneWeb at over $3 billion
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British satellite firm OneWeb is nearing a deal to combine with France’s Eutelsat Communications SA in a transaction that would create a pan-European operator that could better compete with Elon Musk’s Starlink project, according to people familiar with the matter.