Eutelsat shares more than triple in value as investors bet on OneWeb satellites

Quick Summary:

Shares in Eutelsat surged more than 120 per cent early on Tuesday, extending gains after rising 68 per cent on Monday, as investors bet on OneWeb satellites to be the European alternative to Starlink in Ukraine.

FILE PHOTO: A satellite model is placed on Eutelsat logo in this picture illustration taken April 4, 2022.

The French satellite company's shares have risen more than 270 per cent since Friday's close, from 1.19 euro to 4.49 euros as of 0855 GMT on Tuesday.

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Category: EconomyBusiness

Markets: SingaporeUkraine

Topics: File Photo: Model Eutelsat Placed Tuesday Cent Experience Mediacorp Satellite Shares

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-04 @ 17:25:45 (7 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 137 words

Reading Time: 1 minutes read

Sentences: 19 lines

Sentence Length: 8 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 26661467

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