Eutelsat, a French satellite operator, has announced a significant €1.35 billion capital increase aimed at enhancing its position in the European space communications sector. This financial boost will allow Eutelsat to accelerate efforts in deleveraging and investing in its low Earth orbit (LEO) capabilities. The LEO network promises low-latency, high-speed broadband globally, particularly beneficial in underserved regions. The investment coincides with initiatives like Kyivstar's Starlink D2C testing and aims to support the EU’s IRIS² constellation, which seeks to improve communications infrastructure and digital sovereignty across Europe.
Eutelsat's planned capital increase of €1.35bn aims to enhance its low Earth orbit capabilities and support the IRIS² constellation, reinforcing Europe's communication infrastructure.
This funding represents a strategic move for Eutelsat, helping accelerate deleveraging while aiming to address global connectivity demands across various sectors.
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