Eutelsat has emerged as a potential competitor to SpaceX's Starlink in Ukraine and Europe, driven by CEO Eva Berneke's advancements in negotiations with the EU and Italy for expanded internet services. Founded in 1977 to create independent satellite telecommunications for Europe, Eutelsat has evolved significantly, notably merging with OneWeb in 2023 to become the third largest satellite operator globally. This merger brought a network of low-Earth orbit satellites enabling fast, low-latency internet access suitable for various applications, placing Eutelsat in a strong position against existing market frontrunners.
"Eutelsat, through its merger with OneWeb, is striving for independence in telecommunications for Europe, positioning itself as an alternative to US-centric services like Starlink."
"CEO Eva Berneke highlighted ongoing discussions with the EU and Italy, emphasizing Eutelsat's potential to provide vital internet and communication services in Ukraine and other regions."
"The significant investor confidence in Eutelsat, marked by a 500% share increase, indicates a strong market belief in the company's expansion strategies and capabilities."
Collection
[
|
...
]