Britain joins France in 1.5 billion euro boost for Starlink rival Eutelsat


FILE PHOTO: Eutelsat Group logo is pictured at their Paris headquarters in Issy-les-Moulineaux, France, April 3, 2025. REUTERS/Benoit Tessier/File Photo

(Reuters) -Britain plans to invest 163.3 million euros ($191 million) in satellite operator Eutelsat, the company said on Thursday, adding to a much bigger cash injection from France to help the company compete with SpaceX's Starlink.

Europe is racing to build up sovereign capabilities in several key areas, including defence and satellite communications, after Russia's invasion of Ukraine and U.S. President Donald Trump's "America First" policies.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Tech News

Tesla unveils cheaper Cybertruck variant, cuts Cyberbeast price to drive demand
Los Angeles sues Roblox over child exploitation claim
Google Gemini, Apple add music-focused generative AI features
ByteDance building out artificial intelligence team in US
Sony shuts down video-game studio Bluepoint
AppLovin plans Its own social platform after failed TikTok bid
Laser-written glass can store data for millennia, Microsoft says
OpenAI's Altman tells leaders regulation 'urgently' needed
Ireland, home to EU tech hubs, mulls teen social media ban
Nvidia close to investing $30 billion in OpenAI's mega funding round, source says

Others Also Read