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 becomes biggest shareholder in European Starlink rival, Eutelsat 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
France to Become Eutelsat’s Top Shareholder With €717 Million Injection 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