Published by Global Banking & Finance Review®
Posted on July 10, 2025
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleThe UK invests $190 million in Eutelsat to strengthen trade ties with France, coinciding with President Macron's state visit. France will soon become the largest shareholder.
LONDON (Reuters) -Britain will invest 163 million euros ($190.78 million) in French satellite group Eutelsat, it said on Thursday, as the two countries hold a summit in London as part of a state visit to deepen trade ties and cooperation on migration.
The British government said it would retain its 10.9% stake in Eutelsat, which competes with American billionaire Elon Musk's Starlink. The statement comes on the third day of French President Emmanuel Macron's state visit to Britain.
With a recently-announced 1.35 billion-euro investment in the satellite operator, the French government is set to become its largest shareholder later this year, overtaking Indian billionaire Sunil Mittal's Bharti Space.
($1 = 0.8544 euros)
(Reporting by Muvija M and Sam Tabahriti, editing by William James)
The UK will invest 163 million euros, which is approximately $190.78 million.
The British government will retain its 10.9% stake in Eutelsat.
The French government, with a recently announced 1.35 billion-euro investment, is set to become the largest shareholder.
Eutelsat competes with Elon Musk's Starlink in the satellite communications market.
The announcement was made on Thursday during a summit in London as part of a state visit.
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