LE BOURGET, France — Satellite fleet operator Eutelsat for months has been looking for a support signal from the French government, whether in the form of a capacity purchase by the French military or a loan guarantee by the French export-credit agency, Bpifrance — preferably both.
It now appears that the company’s near-term financial health is dependent a French government commitment to help finance Eutelsat’s planned 4.2 billion euros ($4.8 billion) in capex to refresh its current OneWeb LEO broadband fleet and build Eutelsat’s . . .
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