Eutelsat Raises €1. 35 Billion to Build Europe’s Starlink Rival Eutelsat Communications SA is raising €1 35 billion ($1 5 billion) from the French government and other investors in a deal that will help the European company build out its fleet of satellites
France to cough up cash to make Eutelsat a Starlink rival Satellite biz Eutelsat is looking to raise €1 35 billion ($1 55 billion) to grow its Low Earth Orbit (LEO) network to take on Starlink and benefit from anticipated growth in demand for connectivity The French-owned satellite operator said it is looking to raise capital by the end of the year It
Eutelsat’s Shares Skyrocket as France Leads €1. 35 Billion . . . Eutelsat, the European satellite company, made headlines this week as its stock surged an impressive 31% on Friday The rally came right after the company announced it had secured a €1 35 billion ($1 55 billion) capital injection Leading the charge was the French government, which has stepped in
Macron Backs Eutelsat in €1. 35 Billion Drive to Build Europe . . . Eutelsat at the Heart of Europe’s Space Strategy The French state will fund over half of Eutelsat’s planned €1 35 billion capital increase through its shareholding agency, increasing its stake to nearly 30% Other investors, including Bharti Space, CMA CGM, and the Fonds Strategique de Participations, will also take part
Eying a Starlink alternative, France to boost Eutelsat stake Eutelsat is planning a €1 35 billion capital increase, and France’s planned participation will increase the government stake to around 30%, from less than 20% now The U K government is also