UK to invest EUR163.3 million in French satcom firm Eutelsat; Macron says "together we go further"
This additional investment commitment from the UK (The Secretary of State for Science, Innovation and Technology of the United Kingdom) will increase the total amount to be raised to Euro 1.5 billion, underpinning the execution of Eutelsat's long-term strategic vision.
The other investors in Eutelsat are France's Agence des Participations de l'Etat, Bharti Space Limited, CMA CGM, FSP, and others.
'Thanks to our British friends as they continue to follow us on the Eutelsat adventure! We're over the moon to keep going with you. Together we go further!' French President Emmanuel Macron said in a post on X.
Macron is on a state visit to the UK.
In June 2025, Macron, while speaking at the Paris Air Show in Le Bourget, had called for more investment from other countries as well such as India to team up with France. He had said 'This must be the solution for our major strategic partners in the Gulf, India, Canada and Brazil.'
Peter Kyle, Secretary of State for Science, Innovation and Technology added satellites underpin industrial activity worth Euro 364 billion to the UK economy.
'But their critical role extends far beyond economic growth,' noted Kyle.
Sunil Bharti Mittal, Co-Chairman, Eutelsat Group stated: 'I am delighted that the UK has joined Bharti and the French State in announcing further investment in Eutelsat Group, and I thank Prime Minister Starmer for his vision and leadership on this matter.'
'Today, governments require secure and reliable sovereign connectivity solutions, and Eutelsat is uniquely positioned to meet this need. Eutelsat's OneWeb was the first complete low-Earth orbit constellation, and the company is the first and only provider able to provide customers with access to both low-Earth orbit and geostationary orbit services. This new capital injection will allow Eutelsat to go further and faster in developing innovative new technologies and services under the leadership of its new CEO, Jean-Francois Fallacher.'
'I echo President Macron's words at the Paris Air Show last month, where he urged France's major strategic partners in the Gulf, India, Canada and Brazil to join the coalition backing Eutelsat Group as the global Space Champion,' Mittal added.
Eutelsat Group is a global leader in satellite communications, delivering connectivity and broadcast services worldwide.
The Group was formed through the combination of the Company and OneWeb in 2023. It is headquartered in Paris and the Eutelsat Group employs more than 1,500 people across more than 50 countries. (ANI)
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Global News
2 hours ago
- Global News
Trump admin says Democrats created Epstein files, denies ‘client list' exists
A week after the Trump administration said documents allegedly containing the names of the late billionaire pedophile Jeffrey Epstein's high-profile clients did not exist, President Donald Trump has blamed his predecessors for the creation of said non-existent files. In a statement posted on his Truth Social account on Saturday, Trump wrote, 'Why are we giving publicity to Files written by Obama, Crooked Hillary, Comey, Brennan, and the Losers and Criminals of the Biden Administration?' 'They created the Epstein Files,' he continued. ('Epstein files' is a general term referring to legal documents evidencing Epstein's criminal activity, such as court filings and depositions.) Story continues below advertisement Until recently, the Trump administration said the files included a 'client list ' — a roster of well-known names believed to have been connected to the financier or who may have been involved in illicit activities run by him. But, on July 7, Attorney General Pam Bondi backtracked on a narrative that the Trump administration helped promote, saying Jeffrey Epstein did not maintain a 'client list,' and that there were no more files related to the wealthy businessman's sex trafficking. The announcement marked a public U-turn and angered MAGA supporters who were banking on the list being made public in the hopes of exposing and implicating their political opponents. View image in full screen From left, American real estate developer Donald Trump and his girlfriend (and future wife), former model Melania Knauss, financier (and future convicted sex offender) Jeffrey Epstein, and British socialite Ghislaine Maxwell pose together at the Mar-a-Lago club, Palm Beach, Florida, February 12, 2000. Davidoff Studios / Getty Images Bondi suggested in a Fox News interview earlier this year that such a document was 'sitting on my desk' for review. Story continues below advertisement For weeks, she promised that more material was going to be released — 'It's a new administration and everything is going to come out to the public,' she said at one point — after a first document dump she had hyped revealed nothing new of note. Get daily National news Get the day's top news, political, economic, and current affairs headlines, delivered to your inbox once a day. Sign up for daily National newsletter Sign Up By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy After the first release fell flat, Bondi said officials were poring over a 'truckload' of previously withheld evidence she said had been handed over by the FBI. A small batch of documents released in February included copies of flight logs from Epstein's private plane, which have long been available in multiple court cases, and a heavily-redacted photocopy of an address book purportedly compiled by Epstein and his longtime confidante, Ghislaine Maxwell, which has been cited in media accounts for many years. The Justice Department also released a blacked-out list of 254 masseuses and an evidence list showing entries for more than 150 items, including nude images, massage tables, sex toys and other items. Epstein was known to hire underage girls as masseuses and then encourage them to have sex with him and his clients. In his statement on Saturday, Trump said his political adversaries were to blame for the attention on the Epstein files, referencing several seemingly unrelated conspiracy theories in the process, including the 'Stolen Election of 2020,' and complaining about 'Radical Left Lunatics,' asking why they didn't release 'The Epstein Files.' Story continues below advertisement 'If there was ANYTHING in there that could have hurt the MAGA Movement, why didn't they use it?' he wrote. 'One year ago our Country was DEAD, now it's the 'HOTTEST' Country anywhere in the World,' he concluded in his Truth Social post. 'Let's keep it that way, and not waste Time and Energy on Jeffrey Epstein, somebody that nobody cares about.' In June, at the height of Trump's public spat with Elon Musk, his former adviser and Department of Government Efficiency (DOGE) head, the Tesla owner claimed in a post on X that Trump's name was in the Epstein files. 2:52 Musk says Trump 'is in the Epstein files' amid escalating feud It was President Trump, during his first term in office, who ordered the arrest of Epstein for sex trafficking of minors in July 2019. Story continues below advertisement A month later, awaiting trial, Epstein died in his prison cell and the New York City medical examiner ruled his death a suicide. The president's most recent comments marked a change of tune from days prior, when he attempted to shut down a line of questioning over Bondi's controversial report denying the existence of the list. 'Are people still talking about this guy, this creep?' he said before Bondi could respond. –With files from Global News' Michelle Butterfield and The Associated Press
National Post
3 hours ago
- National Post
Wife of French president appeals in gender rumours case: lawyer
Paris — France's first lady has taken her case against two women over claims she used to be a man to the highest appeals court after a lower court let them off, her lawyer said Monday. Article content On Thursday, the Paris appeals court overturned earlier convictions against the two women for spreading false claims — that went viral online — that Brigitte Macron, 72, used to be a man. Article content Article content Article content Brigitte Macron filed a libel complaint against the two women after they posted a YouTube video in December 2021, alleging she had once been a man named Jean-Michel Trogneux — who is actually Brigitte Macron's brother. Article content In the video, defendant Amandine Roy, a self-proclaimed spiritual medium, interviewed Natacha Rey, a self-described independent journalist, for four hours on her YouTube channel. Article content Rey spoke about the 'state lie' and 'scam' she claimed to have uncovered that Jean-Michel Trogneux had changed gender to become Brigitte, and then married the future president. Article content The claim went viral, including among conspiracy theorists in the United States. Article content A lower court in September last year had ordered the two women to pay 8,000 euros (about $12,800 Cdn) in damages to Brigitte Macron, and 5,000 euros to her brother. Article content Brigitte Macron's lawyer Jean Ennochi told AFP Sunday that her brother, too, was taking his case against the dismissal of the charges to the highest appeals court, the Court de Cassation. Article content
Canada Standard
4 hours ago
- Canada Standard
"Deeply disturbed": Naveen Patnaik on reports of eggs hurled at Ratha Jatra devotees in Toronto; urges Odisha Govt, MEA to act
Toronto [Canada], July 14 (ANI): Former Odisha Chief Minister Naveen Patnaik on Monday expressed deep concern over reports of eggs being hurled at devotees during the Ratha Jatra celebrations in Toronto, Canada, calling the incident deeply disturbing and hurtful to the sentiments of devotees of Lord Jagannatha worldwide. 'Deeply disturbed to know about the reports of eggs being hurled at devotees during Ratha Jatra celebrations in Toronto, Canada. Such incidents not only grievously hurt the sentiments of Lord Jagannatha's devotees worldwide, but also cause deep anguish to the people of Odisha, for whom this festival holds profound emotional and cultural significance,' Patnaik said in a post on X. Urging prompt action, he called on the Odisha Government and the Ministry of External Affairs to take up the matter with Canadian authorities. 'If these media reports are accurate, the Odisha Government should take the matter seriously and urge the Ministry of External Affairs to register a strong protest with the Canadian authorities,' he added. The remarks came in response to posts by Toronto-based Instagram user Sangna Bajaj, who alleged that eggs were thrown at devotees from a nearby building during the celebrations. 'People from a building throw eggs at us,' she wrote in one post. In another, she stated, 'Someone from a nearby building threw eggs at us. Have you ever experienced discrimination for your faith?' In a troubling recurrence of targeted attacks on Hindu places of worship across Canada, the BAPS Swaminarayan Mandir in Edmonton fell victim once more to vandalism. The recent attack adds to a string of similar incidents documented in recent years, underscoring a distressing trend of religious intolerance. Last year, a Hindu temple in Windsor suffered defacement with anti-India graffiti, sparking widespread condemnation and calls for action from both Canadian and Indian officials. Earlier incidents in Mississauga and Brampton saw temples similarly targeted, drawing strong reactions from the Indian community in Canada. Canadian law enforcement agencies have been urged to take proactive measures to address these threats and ensure the safety and security of all religious communities in Canada. The incidents have prompted renewed discussions on bolstering security measures around Hindu temples and enhancing efforts to combat extremist propaganda. Meanwhile, several global reports have highlighted the growing concerns over Khalistani sympathisers operating within Canada, with incidents often linked to calls for an independent Khalistan state in India's Punjab region. (ANI)
