The UK and Bharti Group have invested in Eutelsat in a €1.5 billion push to compete with Starlink in the global satellite Internet market.
Eutelsat, with a fleet of 669 satellites, is now the second-largest satellite operator globally.
The funding round includes contributions from the UK, France, Bharti Group, and other strategic investors, aimed at advancing Eutelsat's capabilities and expanding its low-earth orbit and geostationary satellite operations.
The investments will be raised in two phases with an expected completion by end-2025, pending regulatory approvals, to accelerate innovation and expand Eutelsat's global presence in response to growing satellite Internet demand.