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France, UK and Bharti Group Invest €1.5 Billion in Eutelsat to Challenge Starlink

The funding secures fresh equity to expand Eutelsat’s low-Earth orbit constellation for Ukraine connectivity ahead of Europe’s IRIS² deployment.

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Overview

  • The French state led the recapitalisation with a €750 million injection, joined by a €163 million UK commitment and €150 million from Bharti Group.
  • France now holds about a 29.6% stake in Eutelsat, the UK retains its 10.9% share plus a golden security share, and Bharti owns roughly 17.9%.
  • The new capital will accelerate deployment of Eutelsat’s fleet of over 650 low-Earth orbit satellites to boost broadband capacity.
  • This equity round aims to secure resilient military and civilian satellite internet services for Ukraine as European leaders reduce reliance on U.S.-owned Starlink.
  • The recapitalisation positions Eutelsat to contribute to the European Commission’s IRIS² public-private satellite broadband network planned for operation by 2030.