Elon Musk<\/a>‘s Starlink.<\/p>\n“By strengthening the capital of Eutelsat, the only European player in low-Earth orbit constellations, France is securing its strategic independence and paving the way for that of Europe,” French President Emmanuel Macron wrote in a post on X early on Friday.<\/p>\n
Other major Eutelsat shareholders will subscribe to the capital increase, Eutelsat said in a statement, but it was unclear if Britain, which holds 10.9% of the company, will inject new money into it.<\/p>\n
Eutelsat merged with OneWeb in 2023, saying at the time that the tie-up would lift the group’s annual sales to $2 billion by 2027, with OneWeb’s second generation of LEO satellites to be launched by the decade’s end.<\/p>\n
But Eutelsat has since said it needed more than three times the number of satellites previously thought, requiring up to 2.2 billion euros in financing.<\/p>\n
($1 = 0.8686 euros)<\/p>\n
(Reporting by Makini Brice; Editing by Benoit Van Overstraeten and Joe Bavier)<\/p>\n","protected":false},"excerpt":{"rendered":"PARIS (Reuters) -Eutelsat shares were up 6% at opening on Friday after the French government announced it would…\n","protected":false},"author":2,"featured_media":199295,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5309],"tags":[80693,2000,299,38559,36,80694,25543],"class_list":{"0":"post-199294","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-france","8":"tag-capital-increase","9":"tag-eu","10":"tag-europe","11":"tag-eutelsat","12":"tag-france","13":"tag-french-finance-ministry","14":"tag-french-government"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114714567256148094","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/199294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=199294"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/199294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/199295"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=199294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=199294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=199294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}