France Invests €717 Million in Eutelsat to Build European . . . PARIS — France will inject €717 million (US$826 million) into satellite operator Eutelsat as part of a major capital increase to boost the development of a European low-Earth orbit (LEO) satellite constellation, marking a decisive step towards reducing Europe’s reliance on foreign systems like SpaceX’s Starlink
Eying a Starlink alternative, France to boost Eutelsat stake The European Union plans to build its own satellite broadband system called IRIS², but lacks anything with the coverage of Starlink for now “France is increasing its stake in the Eutelsat
France to cough up cash to make Eutelsat a Starlink rival OneWeb already covers the Americas, Europe, parts of the Middle East and Africa, Australia, and parts of South East Asia, with a network of more than 630 satellites Starlink has similar coverage, but a much larger constellation, comprising over 7,500 units ®
France Fires Back at Starlink: €717 Million Move . . . - MSN France has made a major investment in Eutelsat, a European satellite company The French government will now become the largest shareholder in Eutelsat after putting in 717 million euros France
France to Become Eutelsat’s Top Shareholder With €717 Million . . . Management targets a net-debt-to-EBITDA ratio of 2 5 by the end of the current fiscal year The dual move—military contract and state-backed recapitalisation—underscores France’s bid to build a European satellite champion capable of competing with Starlink in secure broadband and defence markets