Amid US-Ukraine tensions, Starlink's European rival sees shares soar 500%

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Amid US-Ukraine tensions, Starlink's European rival sees shares soar 500% - Business Standard

Quick Summary:

The company is one of the world's leading satellite communications companies, operating a fleet of geostationary and low Earth orbit (LEO) satellites.

Eutelsat is a French satellite operator that provides telecommunications and broadcast services globally.

If the EU pushes ahead with Eutelsat as a Starlink replacement, it would mark a significant shift in Europe’s strategic approach to satellite-based communications in war zones.