Eutelsat expects $11 billion revenue after EU's Starlink rival comes online
Eutelsat expects $11 billion revenue after EU's Starlink rival comes online <br> Eutelsat (ETL.PA) expects commercial ‌services revenue of more than €10 billion ($11.1 billion) between 2032 and 2040 as it takes a leading role in the European Union's planned alternative to Elon Musk's Starlink satellite internet service, it said on Thursday. The Franco-British operator had been chosen to lead the low Earth orbit (LEO) segment of the EU's IRIS² network that will feature 330 satellites. The first IRIS² satellites are scheduled for launch in 2029, with initial services expected from 2030. Eutelsat has gained prominence as Europe tries to reduce the bloc's reliance on US technology after President Donald Trump's return to office, since it owns OneWeb, the only LEO satellite network alternative to SpaceX's (SPCX.O) Starlink. In a trading update, the Paris-ba...