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Europe's Eutelsat Vies for Secure Italian Telecoms Contract, Sources Say

Eutelsat, a rival to Starlink, is among companies in talks with the Italian government to provide systems for secure satellite communications. Italy aims to guarantee encrypted communication between the government, diplomats, and defence officials operating in risky areas. The European satellite operator is developing potential homegrown alternatives to Starlink, which dominates the sector.

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Eutelsat Secures European Space Connectivity Lead as Investors Bet on Oneweb Δ1.86

Eutelsat has reaffirmed its commitment to boosting Europe's autonomy in space-based connectivity, following a nearly 50% surge in its shares amid growing investor interest in its OneWeb satellites. The company's strategy to supply internet access to war-torn Ukraine and other regions has gained significant traction, driven by concerns over Starlink's sales momentum in Europe. As the European satellite operator gains ground on rival providers like SpaceX, Eutelsat is poised to capitalize on the growing demand for reliable space-based connectivity solutions.

Starlink Rival Eutelsat Triples on EU Defense Spending Plan Δ1.85

Shares of Eutelsat Communications SA surged over 300% following the European Union's commitment to increase defense spending amid uncertainties surrounding U.S. military aid to Ukraine. This unprecedented jump in stock value was fueled by concerns over the reliability of Starlink services, which are crucial for Ukrainian military operations, prompting EU officials to explore alternative satellite solutions. Eutelsat, which operates a significant portfolio of low-earth orbit satellites, is positioning itself as a viable alternative to SpaceX's Starlink in the defense sector.

Eutelsat in Talks with EU to Ramp up Satellite Internet to Ukraine, as Shares Soar Δ1.84

Eutelsat is in advanced discussions with the European Union to supply additional internet access to Ukraine, driven by the prospect that its OneWeb satellites could replace Elon Musk's Starlink there. The surge in Eutelsat's shares reflects investors' optimism about the company's potential role in Europe's satellite autonomy efforts. As a result, the company is actively collaborating with European institutions and business partners to enable the swift deployment of additional user terminals for critical missions and infrastructure.

Europe's Eutelsat Could Help Replace Starlink in Ukraine Δ1.83

Eutelsat, a European satellite operator, may play a crucial role in helping Ukraine meet its communication needs after losing access to Elon Musk's Starlink system. The company's global-coverage constellation of satellites in low earth orbit (LEO) and geostationary orbit can provide an alternative for government and defense applications. Eutelsat has already been supporting government and institutional communications in Ukraine and offers similar capabilities to Starlink in Europe.

Thales Warns Governments over Reliance on Starlink-Type Systems Δ1.76

Thales CEO Patrice Caine has highlighted the risks of relying too heavily on private satellite constellations, specifically Starlink, citing frequent renewal of satellites and questions over profitability. This warning comes as European governments increasingly turn to space-based services for government links, with many backing systems that are more directly controlled by the state. The reliance on outside services raises concerns about reliability, visibility, and stability.

Europe's Ariane 6 Deploys Spy Satellite in First Full Mission Δ1.76

Europe's Ariane 6 rocket has successfully completed its inaugural operational launch by deploying a French military reconnaissance satellite, marking a significant step towards enhancing the continent's autonomous access to space. This mission comes amid increasing geopolitical tensions and a strategic shift away from reliance on U.S. launch providers, particularly following the retirement of the Ariane 5 rocket and the war in Ukraine disrupting ties with Russian counterparts. The successful deployment symbolizes not only a technical achievement but also a crucial move for Europe to assert its sovereignty in military and commercial space endeavors.

Poland Seeks Alternative to Starlink in Ukraine Amid Reliability Concerns Δ1.76

Poland is considering alternative internet service providers if Elon Musk's SpaceX proves unreliable, foreign minister Radoslaw Sikorski said. Starlink has been crucial for Ukraine's military and civilians amid the ongoing conflict with Russia. The Polish government pays $50 million annually for Ukraine's Starlink subscription, which it plans to maintain despite potential disruptions.

Increased Power for Musk's Starlink Raises Concerns Δ1.74

The US Federal Communications Commission has approved higher power levels for Elon Musk's SpaceX Starlink service, despite objections from rival companies AT&T and Verizon. The decision allows Starlink to operate a direct-to-cell service with T-Mobile at higher power levels, which could result in harmful interference and impact their service in some areas. The FCC has set conditions to protect terrestrial wireless carrier operations.

Italy Calls for Summit Between U.s. and Europeans, Says Divisions Make West Weaker Δ1.74

Italy's Prime Minister Giorgia Meloni has proposed an immediate summit involving the United States and European nations to discuss how to address global challenges, starting with Ukraine, amid rising tensions within the Western alliance. The summit aims to bring together leaders from both sides to find common ground and strengthen cooperation. This move seeks to revitalize a sense of unity among West's nations.

Trump Policies Cause Global Starlink Contraction Δ1.74

The cancellation of Ontario's $100 million Starlink deal by Premier Doug Ford is a significant setback for SpaceX, following Italy's decision to reconsider its $1.6 billion contract due to the White House's shift in NATO and European security commitments. The Trump administration's policy changes have caught many allies off guard, leading to re-evaluation of partnerships with companies like SpaceX. Ontario's move may be a small but instructive example of how US tariffs can impact international business.

FAA Staff Reportedly Ordered to Find Funding for Deal with Musk’s Starlink Δ1.74

The FAA has ordered staff to find tens of millions of dollars in funding for a potential deal with Elon Musk's SpaceX subsidiary Starlink to upgrade air traffic control communications. The proposal could replace an existing Verizon contract, which the government already pays billions of dollars for annually. A verbal agreement between the two parties appears unusual, and officials are still clarifying details about the arrangement.

Polish PM Tusk Cautions 'Friends' Against Arrogance After Starlink Spat Δ1.73

Poland's prime minister has cautioned his allies against being arrogant in a post on X, following an extraordinary social media spat with top US and Polish officials over Starlink. The spat between Secretary of State Marco Rubio and Foreign Minister Radoslaw Sikorski raised concerns about the reliability of Elon Musk's satellite service for Ukraine. Poland pays $50 million per year for Ukraine to use Starlink, which provides crucial internet connectivity.

Europe's Independence in Space Depends on the Success of Ariane 6 Δ1.73

The success of Europe's Ariane 6 rocket marks a significant achievement for the European space program, as it demonstrates the continent's ability to develop and launch its own heavy-lift vehicle. This capability is crucial for ensuring European independence in space, particularly given concerns about US policy shifts under the Trump administration. The recent reversal of US support for Ukraine has sparked worries among European leaders about the reliability of their security partnerships.

'Gamestop Effect': Retail Traders Seen Behind Eutelsat's 650% Surge Δ1.73

Eutelsat's shares have experienced an astounding increase of nearly 650% over four days, largely attributed to retail traders engaging in a short squeeze reminiscent of the Gamestop phenomenon. The surge in stock price has been driven by speculation that Eutelsat could potentially replace Elon Musk's Starlink in providing internet access to Ukraine, following geopolitical tensions. Analysts suggest that this rally reflects not only the influence of retail investors but also a reaction to broader shifts in global politics, emphasizing the volatility of the market.

Musk and Rubio Spar with Polish Minister Over Ukraine's Use of Starlink Δ1.72

The exchange between US Secretary of State Marco Rubio, Elon Musk, and Poland's foreign minister Radoslaw Sikorski over the use of Starlink satellite internet system in Ukraine highlights the complexities of international relations, technological diplomacy, and the role of private companies in conflict zones. The situation underscores the fragility of global supply chains, particularly in the aerospace industry, where timely delivery of parts is crucial for meeting production goals. Musk's comments on Twitter have sparked concerns about the reliability of Starlink services in Ukraine, with some experts warning that disruptions could have significant consequences for the country's military operations.

If Ukraine Loses Starlink, Here Are the Best Alternatives Δ1.72

The potential loss of Starlink's satellite communications in Ukraine has prompted discussions about alternative systems such as OneWeb, Project Kuiper, and IRIS2, though these options may not match Starlink's extensive coverage and ease of use. As Ukrainian villagers rely on Starlink for critical communication, the urgency to find reliable alternatives highlights the challenges these new technologies may face in replicating the established infrastructure. Ultimately, the transition away from Starlink could significantly impact connectivity in Ukraine, especially in rural areas dependent on satellite internet.

'Gamestop Effect': Retail Traders Seen Behind Eutelsat's 650% Surge Δ1.71

Eutelsat's shares have surged nearly 650% over four days, driven by a rally reminiscent of the Gamestop phenomenon, largely fueled by retail traders targeting this heavily shorted stock. The surge in stock price has been linked to speculation that Eutelsat could replace Starlink in providing internet access to Ukraine, igniting a fresh wave of investor interest. Despite this meteoric rise, analysts caution that the fundamental challenges facing Eutelsat remain, including significant investment needs and a recent downgrade in its credit rating.

Vietnam Pm Pledges Quick Licensing for Musk's Starlink, More Imports Δ1.71

Vietnam's Prime Minister Pham Minh Chinh said the government wanted to rapidly issue a licence for Elon Musk's Starlink to provide satellite internet in the country under a pilot scheme, aiming to address trade surplus concerns with the U.S. and bolster its economic growth. The Vietnamese government is seeking to rebalance its trade surplus with the U.S., which has contributed to a record trade surplus last year, making the Southeast Asian nation vulnerable to reciprocal tariffs. Chinh's comments came during meetings with nearly 40 U.S. businesses in Hanoi, where he also discussed measures to reduce the country's commercial surplus.

UK's Starmer Says Europe Needs a Security Guarantee From the U.S. Δ1.71

The British Prime Minister is urging European nations to secure a US-backed promise to deter Russian President Vladimir Putin from invading Ukraine again. Starmer has long argued that any peace deal in Ukraine would require a significant US commitment to back it up, making a European peacekeeping force's success dependent on American support. However, the UK leader faces skepticism from some quarters about the feasibility and effectiveness of such a guarantee.

Germany's Merz Wants European Nuclear Weapons to Boost US Shield Δ1.71

Merz seeks talks with France and UK on sharing nuclear weapons, but not as a substitute for US protection. Germany is bound to non-nuclear defence due to its Second World War past, but participates in NATO weapons-sharing arrangements. Merz plans coalition by Easter, crucially needing Green Party support to pass key financial measures.

The Eu's Encryption Proposals Pose Human Rights Risks Δ1.70

The European Union's proposal to scan citizens' private communications, including those encrypted by messaging apps and secure email services, raises significant concerns about human rights and individual freedoms. The proposed Chat Control law would require technology giants to implement decryption backdoors, potentially undermining the security of end-to-end encryption. If implemented, this could have far-reaching consequences for online privacy and freedom of speech.

The Faa's Reliance on Elon Musk Sparks Concerns over Public Interest Δ1.70

As the Federal Aviation Administration (FAA) considers awarding a $2.4 billion contract to upgrade its air traffic control communications system to Elon Musk's Starlink, concerns are growing over the potential conflicts of interest inherent in this move. The FAA is "close to canceling" the contract with Verizon and handing it to Musk's company, which has significant implications for the safety and reliability of U.S. air traffic control systems. This decision reflects the extraordinary influence wielded by a single individual within the federal government.

Europe Must Urgently Rearm, Eu's Von Der Leyen Says Δ1.70

Europe urgently needs to rearm and member states must be given the fiscal space to carry out a surge in defence spending. European Commission President Ursula von der Leyen said that after a long time of underinvestment, it is now of utmost importance to step up the defence investment for a prolonged period of time. The need for Europe to demonstrate its ability to defend democracy was also emphasized by von der Leyen.

Poland's Space Agency Hit with Cyberattack Δ1.70

POLSA is investigating a suspected cyberattack that has disrupted its services. The Polish government agency responsible for the country's space activities had immediately disconnected its network from the internet after detecting the cyberattack on Sunday, but its website remains offline at present. POLSA is working to identify who was behind the attack and restore its services as soon as possible.

US Lawmakers Press Chinese Telecoms Over Ties to Military, Government Δ1.69

US lawmakers have raised national security concerns in letters to top Chinese telecom companies, China Mobile, China Telecom, and China Unicom, citing the potential for these firms to exploit access to American data through their U.S. cloud and internet businesses. The lawmakers are seeking details on any links between the companies and the Chinese military and government by March 31, amid concerns about unauthorized data access, espionage, or sabotage. National security experts have warned that China Telecom's operations in the US could pose a significant risk to American telecommunications networks.