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Eutelsat Raises €1.35 Billion Led by France to Aid OneWeb

Eutelsat Communications SA said it has commitments for €1.35 billion ($1.5 billion) from the French government and other investors in a deal that will help the European Starlink rival build out its fleet of satellites. The French government will invest €717 million in Eutelsat, the Finance Ministry said in a statement on Thursday. The investment takes France’s stake to almost 30%. Existing investors including Fonds Stratégique de Participations, French shipping company CMA CGM and Bharti Space w...

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