France s Eutelsat Communications has merged with OneWeb with Bharti Group, to create a global satellite operation. The move aims to compete with rivals such as Elon Musk s Starlink and Telesat. Bharti Enterprises will be the largest shareholder in the merged entity, called Eutelsat Group. Sunil Mittal, founder and chairman of Bharti Enterprises, will co-chair the board, while his son, Shravin, will be a director.
(Bloomberg) OHB SE surged after KKR & Co. said it plans to take the German space and technology company private alongside its founding family, as competition in the satellite sector heats up.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $590 Million FortuneInvesto
By Adria Calatayud Satellite company SES said Thursday that it has ended talks with peer Intelsat about a possible combination, a deal that would have sought.
EU countries and European Parliament lawmakers are likely to reach a deal on a 6-billion-euro ($6 billion) satellite internet system next week, people familiar with the matter said on Wednesday,
By Foo Yun Chee BRUSSELS (Reuters) - EU countries and European Parliament lawmakers are likely to reach a deal on a 6-billion-euro ($6 billion) satell.