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
Eutelsat’s Shares Skyrocket as France Leads €1. 35 Billion . . . A Europe-Wide Effort to Compete with Starlink With this latest move, Eutelsat isn’t just serving France’s interests—it’s shaping up to be a central piece of a broader European satellite strategy The company said it’s open to bringing other international partners on board, including potential investors from the U K
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
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