Eutelsat in Talks to Double France's Stake in €1.5 Billion Raise
Eutelsat Communications SA, the European satellite operator working to rival Elon Musk's Starlink, is in talks with investors to raise €1.5 billion in a deal that would more than double the French government's stake to 30%, people familiar with the matter said.
Eutelsat has been in talks with the French government, investor Fonds Strategique de Participations, shipping company CMA CGM and the UK government about participating in the fundraising, the people said, asking not to be identified because the deliberations are private. The funds would help build out Eutelsat's low-Earth orbit satellite network, they said.
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