South Korea's Hanwha offloads Eutelsat stake as Starlink rival seeks new investors


The logo of the European satellite operator Eutelsat is seen at the company's headquarters in Issy-les-Moulineaux near Paris, France, October 11, 2021. REUTERS/Gonzalo Fuentes

(Reuters) -South Korea's Hanwha Systems said on Thursday it was selling its entire 5.4% stake in Eutelsat for 77.6 million euros ($88.5 million), as the Franco-British satellite operator seeks new investors.

Eutelsat has garnered unprecedented attention this year from governments looking for home-grown alternatives to SpaceX's Starlink for satellite internet connectivity.

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