EQT, the private equity firm and infrastructure investor, will own an 80% stake in a newly created entity with Eutelsat that will hold Eutelsat's passive infrastructure assets.
As already announced, the transaction includes the carve out of Eutelsat's assets - land, buildings, support infrastructure, antennas and connectivity circuits for its combined portfolio of teleports and Satellite Network Portals (SNPs).
Eutelsat will hold a 20% stake alongside EQT and will remain a long-term shareholder, anchor tenant and partner of the new company.
The decision is a result of the completion of a consultation process with employee representative bodies of Eutelsat.
The exercise of the put option has lead to the signing of a binding Share Purchase Agreement (SPA) between Eutelsat and EQT.
The transaction values the new entity which is yet to be named at EUR790mn. The deal is subject to meeting customary conditions and is expected to close in the first quarter of 2026.
