The UK government reportedly plans to invest €163mn in French satellite firm Eutelsat as Europe pushes to back a local alternative to Elon Musk’s Starlink. The investment, first reported by Reuters, follows the lead of the French state, which is set to inject €717mn into Eutelsat as part of a €1.35bn funding package to prop up the indebted satellite communications provider. The UK contribution would bring Eutelsat’s recapitalisation to around €1.5bn. French President Emmanuel Macron thanked his “British friends” for the support in a post on X, without disclosing the deal’s value. Eutelsat has received significant attention this year, as…
This story continues at The Next Web
from The Next Web https://ift.tt/tFbVAom
Comments
Post a Comment