France’s Eutelsat in talks over possible merger with UK satellite operator OneWeb

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Reuters UK

PARIS (Reuters) – French satellite company Eutelsat said it was in talks with British rival OneWeb over a possible merger deal, which would help both companies challenge the likes of Elon Musk-owned SpaceX’s Starlink and’s Project Kuiper. “Following recent market rumors, Eutelsat Communications confirms that it has engaged in discussions with its co-shareholders in OneWeb regarding a potential all-share combination to create a global leader in connectivity with complementary GEO/LEO activities,” said Eutelsat on Monday. The talks were based around a transaction that would result in …

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