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Eutelsat Achieves Revenue Growth Amid Competition with Starlink
1 day ago /
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Author：小编
Eutelsat reported better-than-expected financial results on Friday. The company is receiving strong support from France's initiative to develop a European satellite project that can compete with Elon Musk's Starlink, which is driving its transition into the internet services business. For the six months ending in December, the company's revenue reached €592 million (approximately $702 million), surpassing analysts' expectations of €581 million. Although the company is still operating at a loss, its operational loss has significantly decreased by 85%.
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