France becomes biggest shareholder in European Starlink rival . . . France on Thursday became the biggest shareholder in satellite company Eutelsat, which is widely regarded as a potential European rival to Elon Musk's Starlink France chose to act now to avoid depending on "other powers" in the future, said President Emmanuel Macron The French state is set to become Eutelsat's biggest shareholder following a 1 35 billion-euro ($1 55 billion) investment that
Eutelsat Investment: France Invests 717 Million Euros in . . . The company has in the past called itself "the only LEO alternative to Starlink" "Eutelsat is a strategic asset contributing to European strategic autonomy," French Finance Minister Eric Lombard
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 Raises €1. 35 Billion Led by France to Aid OneWeb Eutelsat Communications SA said it has commitments for €1 35 billion ($1 5 billion) from the French government and other investors in a deal that will help the European Starlink rival build out
France to Become Largest Shareholder in Eutelsat with €1. 35 . . . The company has branded itself as “the only LEO alternative to Starlink” and is expected to play a key role in the Iris² program—a European initiative to launch a multi-orbit secure satellite communication network by 2030 Eutelsat is also deepening its defense sector involvement