Eutelsat in Talks with EU to Ramp up Satellite Internet to Ukraine, as Shares Soar
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.
- The EU's ramping up of satellite internet access to Ukraine may signal a significant shift away from U.S.-led initiatives, such as Starlink, potentially reorienting Europe's satellite industry.
- How will Eutelsat's new role in Ukraine impact the broader dynamics of global satellite technology competition between European and U.S. players?