Eutelsat shares rose 31% after the €1.35bn capital increase, backed by the French government, which becomes the main shareholder.
Raluca Ioana Draghici
Economy
www.shutterstock.com
Always see our news on Google
Eutelsat has announced a €1.35 billion capital increase with the backing of the French state, which will become the largest shareholder with 29.99%. It will support investment in the LEO satellite network to compete with Starlink. Eutelsat has also signed a 10-year contract with the French military for priority access to its capabilities. Shares soared 31% and the company, the result of a merger with OneWeb, becomes the second global LEO operator.
Sources
Latest News
10:57
Yandex company attacked by drones in Russia. A fire halted operations at a data center, but the main services continued to function
10:55
CFR Călători Adds Trains to Iași for the Feast of Saint Parascheva Pilgrimage
10:55
The “Car Vertical” case in the Republic of Moldova: 5 more defendants have been sent to trial / They are accused of illegally distributing intimate images and videos on Telegram
10:48
A young man from Minnesota was arrested by the FBI after allegedly trying to buy weapons for an attack at the Mall of America
10:33
The far right takes over the presidency of the Parliament of Saxony-Anhalt, a first since 1945
See more news
NEWS ON THE SAME TOPICS
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
.webp)
