France prevented Eutelsat from selling ground antennas, Finance Minister says
French Finance Minister Roland Lescure said on Friday he had decided earlier this week to prevent French satellite operator Eutelsat, a rival to Elon Musk's Starlink, from selling ground antennas, which enable communication with satellites. "These antennas are used for both civilian and military communications. Eutelsat is Starlink's only European competitor.
- Country:
- France
French Finance Minister Roland Lescure said on Friday he had decided earlier this week to prevent French satellite operator Eutelsat, a rival to Elon Musk's Starlink, from selling ground antennas, which enable communication with satellites.
"These antennas are used for both civilian and military communications. Eutelsat is Starlink's only European competitor. It is clearly a strategic asset. And so I said no," Lescure said in an interview with TV station TF1.
Eutelsat is headquartered in France and the French government owns a 17.17% stake in the company, according to data from LSEG.
ALSO READ
-
UN Experts Warn Children Reporting Sexual Abuse in France Still Face Risks in Court
-
France Plans Housing Hub to Unlock European Funding and Technical Expertise
-
AfDB and France Build €2.4 Billion Partnership for Jobs and Growth
-
The Azcatitlan Codex Returns: A Historical Reunion After 183 Years
-
France's Ambitious Plan to Tame Deficit Amid Protests
Google News