TAMPA, Fla. — Eutelsat has completed the last step in a 5 billion euro ($5.8 billion) refinancing plan to refresh its OneWeb low Earth orbit (LEO) broadband constellation and support Europe’s IRIS² sovereign connectivity program, the French satellite operator announced March 6.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...