France to cough up cash to make Eutelsat a Starlink rival Eutelsat seeks €1 35B to boost LEO network and take the fight to Starlink ($824 million) to France's Agence des Participations de l'Etat (APE) – the state investment body – and other key shareholders such as Bharti Space Limited Eutelsat believes there is significant growth potential in serving the B2B market via LEO services
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
Contemplated capital increase of €1. 35bn to secure the execution of . . . Eutelsat is contemplating raising €1 35 billion of capital by way of (i) Through this transaction, France reaffirms its determination to build, together with the company and its European partners, a competitive, resilient, and sovereign space industry, particularly around the IRIS² program, which is a key pillar of our strategic autonomy
France to Become Eutelsat’s Top Shareholder With €717 Million Injection Eutelsat secured a 10-year framework agreement worth up to €1 billion with the French Ministry of the Armed Forces to provide low-Earth-orbit (LEO) satellite capacity for military communications under the NEXUS programme The deal designates the operator’s OneWeb architecture as a strategic national asset, offering P
Macron Backs Eutelsat in €1. 35 Billion Drive to Build Europe’s Space . . . France is taking a major step to reclaim control over its space future President Emmanuel Macron has pledged €1 35 billion to satellite firm Eutelsat, making the country its top shareholder Speaking at the Paris Air Show , Macron said the goal is clear: build a strong European alternative to foreign giants like Starlink and ensure the
France to Increase its Stake in Eutelsat, Military Reaches Agreement . . . The French government is increasing its stake in Eutelsat Group as part of capital raise, and the French armed forces ministry, DGA, reached a framework agreement for satellite services from the OneWeb Low-Earth Orbit (LEO) constellation Under a deal announced June 19, the French government will subscribe to 526 4 million euros ($605 million) of a 1 35 billion euros ($1 55 billion) capital
Contemplated Capital Increase of € 1. 35 Billion, to Secure the . . . The landmark 10-year framework agreement announced earlier this week with France’s Ministry of the Armed Forces, aimed at strengthening the integration of civilian and military assets (Nexus program), for a maximum amount of €1 billion, illustrates the strategic role of the LEO constellation in France’s model for sovereign defense and