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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 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
Eutelsat’s Shares Skyrocket as France Leads €1. 35 Billion . . . 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 as the largest shareholder in a bid to strengthen Europe’s foothold in the increasingly competitive satellite communications industry
France Fires Back at Starlink: €717 Million Move . . . - MSN Eutelsat: Europe’s Answer to Starlink Eutelsat became even bigger in 2023 when it merged with a British company called OneWeb This made it the second-largest operator of low Earth orbit (LEO
Macron Backs Eutelsat in €1. 35 Billion Drive to Build Europe . . . 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 continent stays in charge of its space networks
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
Eutelsat Eyes €1. 35B Capital Raise After Signing €1B . . . Embattled European satellite operator Eutelsat, which merged with LEO satellite operator OneWeb in 2023, has announced plans to raise €1 35 billion in new funding, with the French government committing a substantial share