UK Invests $191 Million in Eutelsat_ Starlink's European Rival

UK backs France's Eutelsat, Starlink's rival

The United Kingdom will contribute €163 million to strengthen French satellite firm Eutelsat, a growing rival to SpaceX's Starlink, according to Les Echos on Thursday, citing a source at the Elysee Pa...

UK joins Eutelsat capital boost to maintain strategic LEO stake

The U.K. plans to inject $191 million into Eutelsat’s capital raise this year to maintain its 10.89% stake in the French multi-orbit satellite operator. The post UK joins Eutelsat capital boost to maintain strategic LEO stake appeared first on SpaceNews.

UK invests $191 million in Eutelsat_ Starlink's European rival

LONDON, United Kingdom — Britain will invest 163 million euros ($191 million) in European satellite

UK to Invest €163 Million in Europe’s Starlink Rival Eutelsat

Eutelsat Communications SA, the European competitor to Elon Musk’s Starlink, said that the UK government will invest €163.3 million ($191 million), joining a France-led round into the company last month.

UK invests $191 million in Eutelsat, Starlink's European rival

LONDON, United Kingdom — Britain will invest 163 million euros ($191 million) in European satellite firm Eutelsat, a rival to Elon Musk’s Starlink, the Elysee Palace said Thursday during President Emmanuel Macron’s UK state visit. Eutelsat, which counts the French state as a major investor, is the world’s second-largest operator of low Earth orbit (LEO) satellites, which enable internet and phone services. “Just like France, the United Kingdom c…