Starlink rival Eutelsat beats estimates on Ukraine boost, government demand


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) -French satellite operator Eutelsat reported better-than-expected annual earnings on Tuesday, driven by growing interest in its satellite internet services from government and corporate customers.

Eutelsat gained the spotlight this year as European governments sought home-grown solutions for satellite services, aiming to reduce their reliance on U.S. providers, such as Elon Musk's Starlink.

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