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flag UK invests €163.3 million in Eutelsat to compete with Starlink, gaining a 10.89% stake.

flag The UK government plans to invest €163.3 million in Eutelsat, a French satellite communications company, taking a 10.89% stake. flag This investment brings the total funds raised to €1.5 billion, supporting Eutelsat's strategic vision. flag The move is part of a broader effort to strengthen partnerships and compete with Elon Musk's Starlink in the satellite communications market. flag Eutelsat, a global leader in satellite communications, will use the funds to develop new technologies and expand its services.

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