Eutelsat in talks with EU to ramp up satellite internet to Ukraine, as shares soar


FILE PHOTO: A satellite model is placed on Eutelsat logo in this picture illustration taken April 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) -Eutelsat is in talks with the European Union to supply additional internet access to Ukraine, it said on Tuesday, amid a two-day surge in its shares on the prospect that OneWeb satellites could replace Elon Musk's Starlink there.

Shares of the Franco-British satellite group have more than tripled in value over the past two days, adding over 1 billion euros ($1.05 billion) to their market capitalisation.

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