A terrestrial network of satellites at the headquarters of Etelsat Madeira Unipessoal LDA in Canial, Madeira, Portugal, on Saturday, March 8, 2025.
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Eutelsat The shares appeared on Friday morning, after the European satellite operator announced a capital increase of 1.35 billion euros ($ 1.5 billion) backed by the French state and other investors.
The company’s shares increased 14% at 09:17 am London.
The company said that, together with a debt refinancing plan, the capital increase would support its investment in its existing capacities of Low Earth’s (Leo), which focus on the company and company to government operations.
The Eutelsat actions have been very volatile this year, experiencing a huge increase in March with the expectations that it could be a European alternative to Elon Musk Starlink and, subsequently, cooling.
“As the only European operator with a totally operational Leo Network, Eutelsat is positioned to play a strategic role in the critical support sectors, such as military communications, cyber resistance and the unpleasant unpleasant, it is completely presented in the launch.
Other investors, including the United Kingdom, “could join the increase in the capital in due time,” he added.
When writing about X, the French president, Emmanuel Macron, said that by strengthening the position of Eutelsat, France was “ensuring its strategic independence and racing the way for Europe” and pointed out that the decision in the Paris show would be discussed on Friday.
Eutelsat shares price.
This is a last minute news and will be updated shortly.
