Eutelsat shares soared after the company said it was considering a capital increase of 1.35 billion euros ($1.55 billion) to support its long-term strategy.
Starlink rival Eutelsat's shares rallied after the French government backed a capital raise. Eutelsat shares have been hugely volatile this year, experiencing an enormous spike in March.
Eutelsat shares were up 6% at opening on Friday after the French government announced it would become the satellite company's biggest shareholder following a 1.35 billion-euro ($1.55 billion) capital
The French state will become Eutelsat's top shareholder following a 1.35 billion-euro ($1.55 billion) capital increase aimed at helping the satellite company better compete with Elon Musk's Starlink,
PARIS--(BUSINESS WIRE)--Contemplated capital increase of € 1.35 billion, to secure the execution of Eutelsat long-term strategic vision.
Shares in Eutelsat jumped on Thursday following the announcement of its 10-year agreement to provide low-orbit satellite services to France's armed-forces ministry.
PARIS--(BUSINESS WIRE)--Eutelsat and France's Armed Forces Ministry reach landmark framework agreement for low orbit satellite services in the context .
South Korea's Hanwha Systems is offering to sell its entire 5.4% stake in Eutelsat for about 78 million euros ($85 million), a bookrunner filing showed on Wednesday, as the satellite operator moves ah
Eutelsat Group (OTCPK:EUTLF) Q3 2025 Earnings Conference Call May 15, 2025 12:30 PM ET Company Participants Christophe Caudrelier - CFO Joanna Darlington - Chief Communication and IRO Conference Call
PARIS--(BUSINESS WIRE)--Regulatory News: Eutelsat Communications (ISIN: FR0010221234 - Euronext Paris / London Stock Exchange: ETL) reports revenues for the Third Quarter and Nine Months ended 31 Marc
Fallacher will join Eutelsat from Orange, amid growing interest within the EU for alternative satellite systems to Starlink.
French satellite telecommunications operator Eutelsat appointed Jean-François Fallacher as its new chief executive from June 1.
Berlin has been paying for Ukraine's access to a satellite-internet network operated by France's Eutelsat , as Europe seeks alternatives to Elon Musk's Starlink.
French media regulator Arcom has ordered Eutelsat to cease broadcasting Russian channels STS and Channel 5, after a probe revealed the satellite provider's commercial agreements had links to a sanctio
Eva Berneke, CEO of Eutelsat, discusses how the company can offer an alternative to Starlink in providing low orbit satellites in Ukraine, and explains how European funding can boost the company's fin
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