France’s Eutelsat confirms merger talks with UK satellite firm OneWeb

[satellite hobby]

Shares in France’s Eutelsat slump after it confirms OneWeb merger talks

Almost 17% fall follows confirmation of discussions with UK satellite firm bailed out by government

www.theguardian.com

Good news or not?

 

[Lazarus]

Yes - It's definitely good news or not

 

[s-band]

Not in my book.
Eutelsat haven't exactly been supportive of Ukraine and the Chinese may get access to security related intellectual property. I can't see Eutelsat looking after the UK's interests. Eutelsat's shareholders don't seem impressed either.

Eutelsat in talks on possible all-share merger with UK's OneWeb

French satellite company Eutelsat said it was in talks over a possible all-share merger with British rival OneWeb, which could help both companies challenge the likes of Elon Musk-owned SpaceX's Starlink and Amazon.com's Project Kuiper.

www.reuters.com

 

[Channel Hopper]

According to the FT article it sounds more like a bale out of an insolvent multinational business that eutelsat already has financial interest in.

Eutelsat’s UK moonshot crashes back to earth

In space no one can hear income funds scream

www.ft.com

 

[s-band]

It may be paywalled but here's some more on the take-over:

French satellite giant broadcast Russian channel’s call for ‘2m Ukrainians to be destroyed’

The Paris-listed satellite company is due to take over British satellite company OneWeb

www.telegraph.co.uk

Quote attached