Mumbai, July 11 -- Bharti Space Ltd, the satellite arm of Bharti Enterprises, will invest an additional €120 million (approximately Rs.1,204 crore) in French satellite operator Eutelsat Communications S.A. through a rights issue, as part of the company's expanded €1.5 billion (over Rs.15,000 crore) capital raising round, Live Mint reported on Thursday.

In its Thursday update, the company revised the total round size to €1.5 billion, following the UK government's decision to participate.

Eutelsat plans to use the proceeds to reduce its debt and increase investments in satellite constellations, as part of its strategy to strengthen its position in the global space communications industry, it said in its 19 June announcem...