After the closure of Ukrainian satellite access by the US group Maxar and possible Starlink restrictions, Eutelsat focuses on the European alternative. The ongoing talks with the EU Commission and the growing geopolitical importance continue to drive up the Eutelsat share.
• Focus on Eutelsat: Satellite communication for Ukraine
• Strategic importance of independent satellite connection at a glance
• Edelsat share benefits
Eutelsat moves into investor focus
After the US tech corporation Maxar has blocked access to its satellite images, Eutelsat has come into the focus of the investor. The OneWeb systems from Eutelsat are considered a leading European alternative in satellite communication. With the second largest satellite portfolio in the near -earth orbit to Starlink, the company based in Paris positions itself as an important player in this area. The Eutelsat’s shares clearly won on Monday. In Xetra trading, the paper closed a whopping 23.69 percent higher at 7.55 euros, at the Euronext Paris by 9.11 percent more expensive at 7.46 euros.
Eutelsat is a starlink replacement for Ukraine
According to Heise, the EU Commission plans to help Ukraine to secure satellite communication capacities Elon Musk According to Reuters, threatened to block the Starlink access for Kyiv. As a possible alternative, the French-British satellite operator Eutelsat continues to come into focus. CEO Eva Berneke confirmed discussions with the EU to Bloomberg in order to find a solution to replace the approximately 40,000 Starlink terminals in Ukraine, says Heise.
The EU Commission recognizes the strategic importance of an independent satellite connection and has discussions with the industry, it is said.
Eutelsat is already present with several thousand end devices in Ukraine, but not all of which are active. The company works with suppliers to provide both military reception devices and standard terminals. According to Berneke, however, it could take “a few months” for the required hardware available, but requires financial and logistical support for the rapid expansion.
The OneWeb network from Eutelsat comprises 630 satellites in the Low Earth Orbit (Leo) at a height of 1200 km, supported by 35 geostationary satellites. In comparison, Starlink operates with around 7000 satellites at a height of only 550 km, which enables a faster connection, but requires a larger number of satellites to ensure global cover.
Eutelsat share benefits
On Tuesday, too, the positive tendency for the Eutelsat share continues, albeit in a weakened form. In Xetra trading, paper temporarily gains 1.19 percent to 7.64 euros, at Euronext Paris it goes up 4.15 percent to 7.77 euros.
Editor finance.net
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