Bpifrance has sold its stake in Eutelsat Group to the State Ownership Agency, enhancing Europe’s technological sovereignty in the evolving satellite market.
Information on the Target
Bpifrance has announced the sale of its stake in Eutelsat Group to the State Ownership Agency (APE), marking a significant step in the development and support of the group. Eutelsat operates in a rapidly evolving market that necessitates the commitment of the entire European space industry to address sovereign challenges, foster innovation, and enhance international standing.
For over 15 years, since July 2009, Bpifrance has played a crucial role in Eutelsat Group's development, assisting the management in navigating various challenges. This support has helped transform the group from a traditional Geostationary Orbit (GEO) video operator to a leading connectivity provider with capabilities across multiple GEO and Low Earth Orbit (LEO) satellites. Eutelsat Group stands out as the only historical operator that successfully anticipated the LEO revolution, and it currently boasts a fully operational LEO network.
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Industry Overview
The European satellite industry is undergoing significant changes, driven by technological advancements and the growing demand for high-speed connectivity across various sectors. Rapid improvements in sa
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