Eutelsat in Talks to Double France's Stake in €1.5 Billion Raise
Eutelsat Communications SA, the European satellite operator working to rival Elon Musk's Starlink, is in talks with investors to raise €1.5 billion in a deal that would more than double the French government's stake to 30%, people familiar with the matter said.
Eutelsat has been in talks with the French government, investor Fonds Strategique de Participations, shipping company CMA CGM and the UK government about participating in the fundraising, the people said, asking not to be identified because the deliberations are private. The funds would help build out Eutelsat's low-Earth orbit satellite network, they said.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Harvard Business Review
2 hours ago
- Harvard Business Review
Digital transformation
Latest They're harnessing it to help directors prepare, debate, and decide. Save Share From the July–August 2025 Issue In this edition of the HBR Executive Agenda, HBR editor at large Adi Ignatius shares insights from the Cannes Lions International Festival of Creativity, the marketing world's big annual meetup on the French Riviera. A guide to help leaders design, test, and scale their human-AI labor strategy. Prioritizing players and digital infrastructure led viewership to nearly triple. Save Share From the May–June 2025 Issue Moody's calculated that the risk of standing still outweighed the risk of moving fast. Save Share March 25, 2025 If you're only focused on optimizing your current business model, you risk falling behind AI-first competitors. Save Share March 03, 2025 How to thrive when AI makes knowledge and know-how cheaper and easier to access Save Share From the March–April 2025 Issue A new survey shows that mid- and late-career workers offer unique strengths when it comes to working with AI—but that companies often overlook their potential. Save Share February 25, 2025 Five lessons from an insurer's journey towards a paperless office. Save Share January 07, 2025 Process management has long been a go-to method for achieving the improvements in operational performance that stakeholders constantly demand. By applying... Save Share Buy Copies January 01, 2025 Companies tend to manage capital projects as a single behemoth — which is why they often don't go as planned. Save Share December 10, 2024 How one executive took on transforming California's troubled Department of Motor Vehicles — and what he learned. Save Share November 29, 2024
Yahoo
2 hours ago
- Yahoo
Can Coca-Cola Stock Continue to Beat the Market?
Coca-Cola has a well-established brand and reliable, strong sales even in difficult conditions. It's well equipped to handle tariffs or trade wars because most of its production is local. After sinking for several years, revenue and profits are at all-time highs. 10 stocks we like better than Coca-Cola › Coca-Cola (NYSE: KO) has been having a banner year. After trailing the market for most of the past three decades, it's beating the market in 2025, up 15% at the time of this writing, while the S&P 500 is up 3%. It might be able to keep that streak going if certain conditions are met. Let's see how that could happen and what it means for investors. Coca-Cola is the largest beverage company in the world, with $48 billion in trailing-12-month sales. It owns about 200 brands, 30 of which each generate at least $1 billion in sales. Its beloved brands have pricing power, but because they're beverages, they're not the kind of luxury items people can't afford when there's economic pressure. Even in harsh conditions like the current economy, where shoppers are cutting back on spending, Coca-Cola is demonstrating resilience. For all of its trailing the market, it tends to outperform when investors are worried and they flee to safe stocks. In the current climate, though, it has an extra advantage: It has low exposure to tariffs, and the market is picking up on that. Management has a localized approach to production, and most of its U.S. products are made domestically. That includes its concentrate, which is made in the U.S. for U.S.-sold beverages, unlike PepsiCo, whose syrup is produced in Ireland. Since Coca-Cola relies on local production for most of its products globally, it's also well positioned to get through any trade wars that may develop. In the first quarter, unit case volume was up 2% year over year, and the company grew market share in all of its beverage categories, which include sparkling drinks, milk, juice, and tea and coffee. Organic revenue was up 6%, and adjusted operating income was up 10%. Comparable operating margin was 33.8%, up from 32.4% last year, and comparable earnings per share (EPS) inched up to $0.73. These are strong results from an industry leader facing pressured conditions, which is why Coca-Cola is so reliable. Is it the ultimate hedge stock? Will it go back to being a market laggard when the economy improves, like it has for most of the past 30 years? Not necessarily, because it is a different company today. When current CEO James Quincey came on board in 2018, revenue was still sinking, and the company was just starting to make strides in the right direction before the pandemic hit and sales plummeted again. But management took the opportunity to become leaner and more agile, slashing its brand portfolio in half and restructuring its segments. It emerged much stronger, and that's helping it weather the current storm. Just last year, revenue finally eclipsed record highs from 10 years ago. Profitability is following from the better sales performance, and EPS is also at a 10-year high. Coca-Cola is now in a much better position to spring forward. It has so many levers to boost growth, such as changing packaging in regions where it needs to be more affordable, and launching larger marketing campaigns where it's looking to build trust and launch new products and flavors. It has organic opportunities in overall beverage industry growth, which it expects to increase in the mid single digits over the next few years. As the leader in the space, that's no-brainer growth. And even though Coca-Cola seems like it's everywhere, that's not the case all over the world. It says that 80% of the world's population is in emerging markets, where it has only 7% market share. In developed markets, it has 14%, giving in plenty of room to capture more, which it's doing by releasing new drinks and attracting more customers. Lastly, even though it has streamlined its product portfolio, it's still acquiring new global brands that are easily integrated into its distribution system, adding high-margin revenue. If the company can maintain robust growth and keep reaching highs, it might enter a new era of market-beating growth. However, as a mature, established business, it may not be able to generate high-enough growth to achieve that. In any case, Coca-Cola stock can add value to an individual portfolio through its safety and protection, as well as its storied, rock-solid dividend. Before you buy stock in Coca-Cola, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Coca-Cola wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $659,171!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $891,722!* Now, it's worth noting Stock Advisor's total average return is 995% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Jennifer Saibil has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Can Coca-Cola Stock Continue to Beat the Market? was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Forbes
2 hours ago
- Forbes
As Shares Skyrocket, Will Creator Deals Drive Netflix's Next Growth Run?
(Photo by Phil Barker/Future Publishing via Getty Images) Netflix has been on an epic stock market run the past year, share prices up 81% to nestle comfortably above $1,200 apiece as it reaps the rewards of definitively winning the Streaming Wars of the past several years, with analysts setting target prices as high as $1,600. Give credit to management's willingness to pivot, after a disastrous Q1 earnings call three years ago, into ad-supported tiers, a password crackdown, videogame and live events/venues initiatives, and investments in local productions in 50 centers around the world. It's paid off massively for the company and its investors. This week saw Pivotal Research set a Street-high target price of $1,600 for Netflix shares. Netflix shares have skyrocketed the past 12 months, to north of $1,200 a piece But where does the streaming giant go from here if it wants to keep driving growth? The ad tier is launched, and growing slowly, but already bringing in higher average revenue per user than Netflix's traditional ad-free offerings. The password crackdown's boost to subscriber growth is likely largely exhausted, though we won't know going forward, because the company stopped r0utinely reporting subscriber adds before the last earnings call. In that call, the company said it added a whopping 13 million subscribers to puff the global total to 301 million, far larger than any competitor. So where to go to grow? Analysts have some thoughts, mostly about the vast collection of wildly diverse talent pumping out episodes on YouTube and other social media, receiving a share of ad revenue and otherwise monetizing their productions with merchandise, sponsorships, live events and other strategies. That approach has paid off massively for Alphabet-owned YouTube. Nielsen's The Gauge estimates more than 12% of total watch time is devoted to YouTube programming. Roku released stats that were even higher, as much as 18% of view time. Wells Fargo analysts released a note earlier in the week setting a $1,500 target price for Netflix, but suggesting it find ways to be a bit more like YouTube. Wells Fargo Sr. Equity Analyst Steven Cahall said Friday in a CNBC interview that YouTube content, which costs YouTube nothing on the front end, is increasingly grabbing view time with young and even middle-aged consumers. And that's exactly the kind of programming Netflix should be adding to its portfolio. 'Some of this very, very high value, professional short-form seems like a natural in-between where it still has a big impact on consumers but it's not quite the really short, mobile-native, user-generated content,' Cahall said. To grab some of that view time back, Netflix should take a page out of its own playbook from about a decade ago, when it cut nine-figure exclusive deals with prominent showrunners in traditional television such as Shonda Rhimes and Ryan Murphy, Cahall said. The splashy deals put the industry on notice about Netflix's ambitions to create high-quality premium content that could contend with anything on broadcast or cable. 'The argument here is they can do the same thing," Cahall said. 'They can go find these really large-scale creators who put a lot of content on YouTube, get a lot of views, and make a lot of money, and they can say, 'Hey, come to Netflix, you have the same size audience. We'll pay you money, and you don't have to take a risk on advertising.' Such deals will 'take money,' though nothing like those Rhimes and Murphy deals of a decade ago. More importantly, Cahall said, 'it's not the same risk profile.' The creators bring their own audience, and deep knowledge about how to connect with and nurture that audience, removing most of the risk of partnering with them. Certainly, there are plenty of big, long-time online creators who are producing good-quality content at remarkable velocity. In recent months, I've interviewed or moderated panels with leaders from such long-time venues as Smosh, Dhar Mann Studios, Buzzfeed Studios, and Dhar Mann CEO Sean Atkins, a long-time cable TV veteran, said he gives a few tours a week of the company's extensive production studios in Burbank, Calif., just a couple of miles from the studio lots of Warner Bros., Disney and NBCUniversal. There's an 'oh, sh--' moment on the tour for most of the folks, Atkins said, when they see Dhar Mann's operations are sprawling enough to need the same golf carts to get around the grounds as on the traditional studios. At last week's StreamTV Show conference in Denver, I interviewed Trey Kennedy, an Oklahoma-based comedian who started telling six-second jokes on the long-gone social-video site Vine. Kennedy has long since migrated to TikTok and YouTube for his humor, building an audience big enough that he cut a deal with Hulu for a one-hour comedy special released in January. He has a national comedy tour set for the fall. Also at The StreamTV Show, I interviewed Laura Martin, managing director and sr. internet & media analyst for Needham & Co. To her mind, the 100-plus exhibitors and dozens of niche networks on display at the conference are largely ignored by Wall Street because they're not able to compete at a big enough scale with the two companies that matter most, Amazon and YouTube. Amazon's links between advertising and directly selling those advertised products to its couple of a hundred million or so Prime Video subscribers make it one powerful path for the future of video. And YouTube has married oceans of user-generated content with television's highest-value programming, the NFL, which is available through YouTube TV. 'On the content side, they're sort of blurring the lines, we sort of think that's where the world is going writ large,' Martin said. Wall Street looks at the smaller players and wonders, 'Why aren't you talking about short-form, omni-device and influencers, plus -premium content. There's a real disconnect." Martin said both Paramount Global and Warner Bros. Discovery are stuck in a 'distracted' place. Paramount is trying to negotiated a lawsuit settlement directly with President Donald Trump over alleged 'election interference' for editing a Kamala Harris interview last fall on 60 Minutes. The delays in settling that suit are in danger of putting controlling shareholder Shari Redstone's National Amusements in default before it can complete an $8 billion sale to a group led by David Ellison and Skydance Entertainment. WBD, meanwhile, announced last week that it would go ahead with a widely expected split of the company, putting its legacy cable channels such as CNN, TNT, TBS, and Discovery in one unit, along with most of WBD's $34 billion in debt and a share of the spun-off Studios & Streaming unit. That latter group would include the Max (soon to be renamed HBO Max) streaming service and WBD's production studios for film, TV and games. Shepherding that split to reality will leave WBD leadership distracted for a year, Martin estimated, then will have to wait another year before doing any deals, because of tax-minimization strategies. 'I think it's the wrong strategic move,' Martin said. 'We're not going to be talk about either of those companies for the next two or three years." That leaves a 'competitive set' of serious streaming players of just four: Netflix, Amazon, Alphabet/YouTube, and Disney. 'The question will be if Disney is too small to compete,' Martin said. 'Its (market valuation) is $200 billion, Netflix is $500 billion and the rest are more than $2 trillion.' For Netflix, grabbing more content from YouTube's stable might just be a way to keep driving growth, and perhaps even slightly slowing the YouTube juggernaut, mostly by being a bit more like what YouTube has become.
