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UK invests €163.3 million in Eutelsat to compete with Starlink, gaining a 10.89% stake.
The UK government plans to invest €163.3 million in Eutelsat, a French satellite communications company, taking a 10.89% stake.
This investment brings the total funds raised to €1.5 billion, supporting Eutelsat's strategic vision.
The move is part of a broader effort to strengthen partnerships and compete with Elon Musk's Starlink in the satellite communications market.
Eutelsat, a global leader in satellite communications, will use the funds to develop new technologies and expand its services.
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El Reino Unido invierte en Eutelsat 163,3 millones de euros para competir con Starlink, obteniendo una participación del 10,89%.