Latest news with #Macron
Economic Times
20 minutes ago
- Business
- Economic Times
Bharti Enterprises to invest Rs 313 cr in Eutelsat under fresh capital raise plan
Reuters The logo of the satellite operator Eutelsat New Delhi: Bharti Enterprise's space venture will invest €31.4 million (about Rs 313 crore) as part of French satellite group Eutelsat's fresh €1.35 billion (around Rs 11,250 crore) capital raising plan, aimed at paring debt and investing in satellite constellations. The French government will invest €526.4 million in Eutelsat and become the largest shareholder with a 29.99% stake, displacing Bharti Space, which will now own 18.7% stake in Eutelsat, the world's second largest satcom group and a chief rival to Elon Musk-owned Starlink. Other investors include shipping major CMA CGM with €100.4 million, with sovereign investor FSP putting in €57.8 million. 'I am delighted that under the leadership of President Macron, the French state has decided to back Eutelsat as the European Space Champion and increased its shareholding by injecting a sizeable investment into the company,' Sunil Bharti Mittal, Founder & Chairman, Bharti Enterprises & Co-Chairman Eutelsat Group. Post merger between Eutelsat and Bharti Enterprises and UK government backed-OneWeb in 2023, the Indian group became the largest shareholder in Eutelsat with a 21.2% share. 'We are also thrilled to welcome the French armed forces ministry, DGA, partnership with Eutelsat in a long term €1B contract to reserve capacity on Eutelsat's low-Earth orbit OneWeb constellation for its mission critical needs,' Mittal this week, Eutelsat signed a 10-year agreement with France's Ministry of the Armed Forces under the Nexus program. The deal, worth up to €1 billion ( ?9,999 crore), aims to integrate military and civilian satellite resources and strengthen European capabilities in secure space capital raise comes at a time of heightened activity in the satellite internet space, especially in India. Eutelsat OneWeb, a unit of the Eutelsat group, is poised to start commercial broadband-from-space service in India, having received all necessary statutory clearances, except for more than 600 satellites since merging with British firm OneWeb in 2023, Eutelsat is the world's second-largest operator of low Earth orbit (LEO) satellites. But it remains far smaller than Starlink, which has 6,000 satellites.
France 24
29 minutes ago
- Business
- France 24
Escalating air war between Israel and Iran enters second week
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Daily Tribune
37 minutes ago
- Politics
- Daily Tribune
European powers to offer Iran 'diplomatic solution' to conflict: Macron
French President Emmanuel Macron on Friday said France and other European powers would make an offer to Iran of a comprehensive diplomatic solution to end the escalating conflict with Israel. French Foreign Minister Jean-Noel Barrot will later Friday meet Iranian counterpart Abbas Araghchi in Geneva "to make a complete diplomatic and technical offer for negotiations," Macron told reporters, adding that France and allies Germany and the UK were "putting a diplomatic solution on the table". "Iran must show that it is willing to join the platform for negotiations we are putting on the table," Macron said on the sidelines of the Paris Air Show in Le Bourget outside the French capital. "It is essential to prioritise a return to substantive negotiations (with Iran) which include nuclear -- to move to zero enrichment (by Iran of uranium) -- ballistics, to limit Iranian capacities, and the financing of all the terrorist groups that destabilise the region," Macron said. He said that the offer to be made by Barrot and his German and UK counterparts to Araghchi later Friday would have four aspects. The first would forsee a resumption of work by the UN atomic agency, with "the capacity to go to all the sites", so that Iran moves to zero enrichment of uranium, Macron said. The second and third aspects would comprise oversight of Iran's ballistics activities and how it finances proxies in the region, he added. The fourth would be the liberation of "hostages" by Iran, said Macron, referring to the foreigners jailed by the Islamic republic who include two French citizens. Macron said that "no-one should neglect the risk that an Iran with nuclear weapons would present", adding that the Islamic republic presented an "existential risk" for Israel. But the French president also criticised the scope of the military action by Israel which has hit targets beyond nuclear and ballistics facilities. "I consider that strikes that hit civilian or energy facilities and hit civilian populations must absolutely stop. Nothing justifies this." Macron also warned Israel that military action alone would not be sufficient to degrade the Iranian nuclear programme. "No one seriously thinks that this risk (posed by the Iranian atomic drive) can be responded to only through the operations that are currently underway," he said. "There are facilities that are extremely well protected we do not know exactly where the uranium enriched to 60 percent is."
Time of India
an hour ago
- Business
- Time of India
Bharti Enterprises to invest Rs 313 cr in Eutelsat under fresh capital raise plan
New Delhi: Bharti Enterprise's space venture will invest €31.4 million (about Rs 313 crore) as part of French satellite group Eutelsat 's fresh €1.35 billion (around Rs 11,250 crore) capital raising plan, aimed at paring debt and investing in satellite constellations. The French government will invest €526.4 million in Eutelsat and become the largest shareholder with a 29.99% stake, displacing Bharti Space , which will now own 18.7% stake in Eutelsat, the world's second largest satcom group and a chief rival to Elon Musk-owned Starlink. Other investors include shipping major CMA CGM with €100.4 million, with sovereign investor FSP putting in €57.8 million. 'I am delighted that under the leadership of President Macron, the French state has decided to back Eutelsat as the European Space Champion and increased its shareholding by injecting a sizeable investment into the company,' Sunil Bharti Mittal, Founder & Chairman, Bharti Enterprises & Co-Chairman Eutelsat Group. Post merger between Eutelsat and Bharti Enterprises and UK government backed-OneWeb in 2023, the Indian group became the largest shareholder in Eutelsat with a 21.2% share. 'We are also thrilled to welcome the French armed forces ministry, DGA, partnership with Eutelsat in a long term €1B contract to reserve capacity on Eutelsat's low-Earth orbit OneWeb constellation for its mission critical needs,' Mittal added. Earlier this week, Eutelsat signed a 10-year agreement with France's Ministry of the Armed Forces under the Nexus program. The deal, worth up to €1 billion ( ?9,999 crore), aims to integrate military and civilian satellite resources and strengthen European capabilities in secure space communications. The capital raise comes at a time of heightened activity in the satellite internet space, especially in India. Eutelsat OneWeb, a unit of the Eutelsat group, is poised to start commercial broadband-from-space service in India, having received all necessary statutory clearances, except for spectrum. Operating more than 600 satellites since merging with British firm OneWeb in 2023, Eutelsat is the world's second-largest operator of low Earth orbit (LEO) satellites. But it remains far smaller than Starlink, which has 6,000 satellites.
India Today
an hour ago
- Politics
- India Today
Atmanirbhar Europe? France's Macron pushes for Rafale as alternative to US jets
French President Emmanuel Macron, in a quirky post on X, exhorted European nations to rethink their dependence on American fighter jets and positioned France's Rafale as an alternative in a push towards strategic post featured a Rafale jet on a mobile interface, with the text on the call banner reading, "Secure our Europe". The X post was captioned as, "European friends, you have a call".advertisementWhile Macron did not elaborate on the post, it is being viewed as an outreach to European countries, including NATO allies, to strengthen collective defence by buying European military hardware and reducing dependence on American technology amid the uncertainties in US foreign policy following Donald Trump's return to office. For Europe, reliance on American-made military hardware has been the cornerstone of its security needs for a vocal supporter of European strategic autonomy, had pushed his case in March as well."We must offer European alternatives to countries accustomed to American equipment... Scaling up production of these systems will lower costs and create a self-sustaining defence network across Europe," the French President told VS US F-35 JETIn recent years, countries like Poland and Finland have opted for the US-made F-35 fifth generation stealth fighter aircraft, produced by Lockheed Martin. In 2020, Poland signed a USD 4.6 billion deal for 32 F-35s. Finland also ordered 64 such aircraft in Rafale is a 4.5-generation fighter jet, developed by France's Dassault Aviation, and is capable of air-to-air combat, and ground strikes. On the other hand, the selling point of the F-35 is its stealth features, advanced electronic warfare systems and call comes at a time when speculation has swirled on social media about the potential existence of a 'kill switch' on the F-35s - a mechanism that would allow the US to remotely disable or limit the functionality of the jets sold to allies. However, the Pentagon has strongly refuted such the timing of Macron's post comes at a time when US military aid to Ukraine, which is locked in a never-ending war with Russia, has dried VS TRUMPIt also comes on the backdrop of a social media exchange between Macron and Trump over the Israel-Iran the US President left the G7 Summit a day early, Macron suggested to reporters that it was probably to negotiate a ceasefire between Israel and Iran. "There is indeed an offer to meet and exchange," Macron soon as his remarks went viral, Trump was swift to slam his "publicity-seeking" French counterpart."Macron mistakenly said that I left the G7 Summit, in Canada, to go back to DC to work on a ceasefire between Israel and Iran. Wrong! He has no idea why I am now on my way to Washington. Whether purposely or not, Emmanuel always gets it wrong," Trump said in a post on Truth Watch
