Eutelsat Enters Exclusive Negotiations for Ground Infrastructure Carve-Out

Eutelsat Group has initiated exclusive negotiations and signed a put option agreement with EQT Infrastructure VI fund for the carve-out and partial sale of its passive ground infrastructure assets.

The deal involves carving out passive assets, including land, buildings, and antennas, to form a new standalone entity. EQT will hold 80% of this new company, with Eutelsat retaining a 20% stake.

This new entity aims to become the world’s largest pure-play, operator-neutral ground station-as-a-service company. Eutelsat will enter a long-term master service agreement with it, ensuring operational continuity.

The transaction valuation stands at €790 million. Eutelsat expects this to enhance its financial profile and focus on its next-generation multi-orbit fleet.

The agreement is subject to regulatory approvals and consultations, with a closing expected in Q1 2026.