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- Britain to invest 163 million euros in France's Eutelsat, Les Echos reports</p>
<p>Gianluca Lo Nostro and Mathieu RosemainJuly 10, 2025 at 1:57 AM</p>
<p>By Gianluca Lo Nostro and Mathieu Rosemain</p>
<p>(Reuters) -Britain will invest 163 million euros (140.49 million pounds) in French satellite operator Eutelsat, Les Echos reported on Thursday, citing an Elysee source, after a much bigger cash injection by France to help it compete with SpaceX's Starlink.</p>
<p>French President Emmanuel Macron, who is on a two-day state visit to the UK, in a post on X thanked Britain as it continues to "follow us on the Eutelsat adventure".</p>
<p>"We're over the moon to keep going with you. Together we go further!," Macron said.</p>
<p>Eutelsat and the British and French governments could not immediately be reached for comment.</p>
<p>The French state will become the largest shareholder in Eutelsat later this year and is leading a 1.35 billion euro capital increase to support the debt-laden company.</p>
<p>By investing 163 million euros, Britain will maintain its 10.9% stake in Eutelsat, Les Echos said, avoiding dilution from the recapitalisation announced in June.</p>
<p>The investment will bring the recapitalisation to a total of 1.5 billion euros, it added.</p>
<p>It could also open the door to Britain's involvement in the European Union's IRIS² satellite constellation project, for which Eutelsat is one of the main contractors, the report said.</p>
<p>Britain became a shareholder in satellite operator OneWeb in 2020 as part of a $1 billion bailout alongside investor Bharti Space, before OneWeb merged with Eutelsat in 2023.</p>
<p>(1 British pound = 1.1602 euros)</p>
<p>(Reporting by Gianluca Lo Nostro and Mathieu Rosemain; Additional reporting by Elizabeth Pineau in Paris and Muvija M in London; Editing by Barbara Lewis)</p>
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