Eutelsat, a French satellite provider, experienced a dramatic surge in share prices, tripling in value amid concerns that Ukraine could soon lose access to the vital Starlink internet service. This spike followed the US's suspension of aid to Ukraine, increasing fears about possible disruptions to military communications and the internet on the battlefield. Eutelsat is now in talks with the EU to potentially support Ukraine's internet access in light of these developments, emphasizing its crucial role in European defense and communications.
"Eutelsat's share price tripled amid concerns that Ukraine's access to Starlink may be under threat due to US aid suspension amid ongoing geopolitical tensions."
"The satellite firm has come to the fore as European leaders say they're bolstering defense spending while considering filling gaps in Ukraine's internet access."
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