Eutelsat

(asked on 13th October 2023) - View Source

Question to the Department for Science, Innovation & Technology:

To ask the Secretary of State for Science, Innovation and Technology what information her Department holds on the number of shares in Eutelsat that are owned by the Chinese government.


Answered by
George Freeman Portrait
George Freeman
This question was answered on 19th October 2023

The Department for Science, Innovation and Technology (DSIT) is the lead department for OneWeb and its associated policy and is responding in place of the Department for Business and Trade.

According to last available data from June 2023, the Chinese Investment Corporation (CIC) held 7,561,000 shares, equivalent to c. 1.6% of Eutelsat Group’s total shares. Eutelsat Group is a publicly traded company and the number of shares held by CIC may have changed since June. The CIC has never been represented on its Board nor has it had access to any privileged information on Eutelsat or OneWeb’s operations.

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