Internet via satellite: French Eutelsat would like to compete with Starlink (Elon Musk)

The conquest of space seems to inspire other actors. As a result, French satellite operator Eutelsat Communications today confirmed that it has begun discussions about a possible merger with OneWeb..

The project, called Erika (E for Eutelsat), will consist of a merger of two companies with equal shares through a share swap mechanism to maintain a balance of shareholders. It should be noted that the largest shareholder of the Frenchman is the state-owned investment bank Bpifrance (20%), and the capital of OneWeb is divided between Bharti Global (30%), Eutelsat (23%), the British government (17.6%), Japanese Softbank. (17.6%) and Korean hanwa (8.8%).

This operation will create new pan-European structure and compete directly star link (Satellite Internet Elon Musk). However, the Paris Stock Exchange did not appear to be too tempted by this new relationship. Since this morning, the title has increased its losses, falling more than 17%.

As a reminder Eutelsat already owns 23% of the capital of the British company. This stake was listed in April 2021, followed by a global distribution agreement made public in March 2022, and that would be a pretty logical follow up. The firm – a geostationary orbit specialist – has 35 satellites located at a distance of 36,000 kilometers from the Earth. for satellite broadcasting and high-speed Internet services. For its part, OneWeb has already deployed 428 of its 648 satellites in low an altitude of several hundred kilometers (to provide high-speed Internet and low latency in data transfer).

Across the Atlantic Starlink has taken the lead by deploying more than half of its 4,408 satellites.. Jeff Bezos, founder of Amazon, plans to send more than 3,200 satellites to his Kuiper constellation. The European Union also intends not to remain in a difficult situation and from 2024 to launch about 250 satellites into orbit. According to Thierry Breton, this operation should end the white zones in Europe, offer encrypted communication and limit cyber attacks.

Internet via satellite: French Eutelsat would like to compete with Starlink (Elon Musk)

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