India  

UK and France unite behind €1.5B plan to boost Europe’s rival to Starlink

The Next Web Thursday, 10 July 2025 ()
UK and France unite behind €1.5B plan to boost Europe’s rival to StarlinkThe 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
0
shares
ShareTweetSavePostSend
 

You Might Like


Related videos from verified sources

Western Europe’s BIG CLAIM On Ukraine War | Plans To Purchase Weapons From… | Bloomberg Report [Video]

Western Europe’s BIG CLAIM On Ukraine War | Plans To Purchase Weapons From… | Bloomberg Report

Western European leaders are reportedly considering buying U.S. weapons for Ukraine if Donald Trump halts American military aid. According to Bloomberg, EU and UK officials hope to keep Ukraine armed..

Credit: Oneindia     Duration: 03:35Published