France views Eutelsat as a strategic asset in the EU's push for technological sovereignty. But can it really compete with Elon Musk's Starlink?
French President Emmanuel Macron said strengthening Eutelsat's position was "ensuring its strategic independence and paving the way for Europe's."
Key competitor Eutelsat won't break Starlink's grip on Kyiv's wartime communications overnight.
Brussels wants to create a homegrown alternative to Starlink with satellite groups such as Eutelsat
Shares of French satellite operator Eutelsat gained over 550% in a three-day rally last week.
Shares of French satellite operator Eutelsat gained over 550% in a three-day rally last week.
European stocks traded higher Wednesday amid optimism around U.S. tariffs and the possibility of new German fiscal rules.
Eutelsat shares surge as investors bet that European competitor could replace Elon Musk’s company
Discussions come as investors bet that Eutelsat could replace US competitor
Growing competition from US rivals weighs on indebted European satellite operators