Eutelsat Group has announced that it has entered into exclusive negotiations with the EQT Infrastructure VI fund for the partial sale of its passive ground infrastructure assets. The proposed transaction would involve the segregation of these assets into a new independent entity, in which EQT would own 80% of the capital and Eutelsat would maintain a 20% stake.
The agreement, which is in the exclusivity phase and has been backed by a put option agreement, envisions the creation of a company dedicated solely to the operation of ground stations and associated services. This new entity would become the largest independent operator of ground stations worldwide, combining satellite expertise with a proven track record in providing infrastructure services.
Eva Berneke, CEO of Eutelsat Group, emphasized the importance of this transaction as an innovation in the sector, allowing Eutelsat to optimize the value of its extensive ground network. Berneke expressed her satisfaction in partnering with EQT, a partner who shares her vision of the future and whose expertise will enhance the quality and reliability of Eutelsat’s ground infrastructure.
“We are proud to be the first satellite operator to embark on this groundbreaking transaction,” Berneke stated. “This agreement is a win-win for all parties involved and will enable Eutelsat to strengthen its financial profile while continuing to rely on the unparalleled quality and reliability of its ground infrastructure.”
Meanwhile, Carl Sjölund, a partner in EQT’s Infrastructure Value-Add advisory team, emphasized that satellite ground stations represent an attractive digital infrastructure sector. “We recognized years ago the importance of ground stations in ensuring global connectivity, especially in areas not covered by fixed and mobile connectivity solutions. We are excited to partner with Eutelsat to create a leader in ground stations and capitalize on growth opportunities driven by technological innovation.”
The transaction is still subject to approval from relevant regulatory authorities and consultations with French security authorities and employee representatives. The closure of the agreement is expected in the first quarter of 2026.
With an enterprise valuation of €790 million, the agreement will allow Eutelsat to transfer future maintenance expenses to the new entity and strengthen its financial profile, focusing on the next generation of its multi-orbit satellite fleet.
Source: Eutelsat Press Release