New Delhi, June 20 -- Eutelsat announces a Contemplated capital increase of Euro 1.35 billion, anchored by key reference shareholders, to secure the execution of long-term strategic vision.

Sunil Bharti Mittal, Founder & Chairman, Bharti Enterprises & Co-Chairman Eutelsat Group, "I am delighted that under the leadership of President Macron, the French state has decided to back Eutelsat as the European Space Champion and increased its shareholding by injecting a sizeable investment into the company."

He added, "We are also thrilled to welcome the French armed forces ministry, DGA, partnership with Eutelsat in a long term Euro 1B contract to reserve capacity on Eutelsat's low-Earth orbit OneWeb constellation for its mission critical needs...