Satellite Internet Collaboration

Airbus, Thales, and Leonardo have reportedly signed a framework agreement to merge their satellite operations, potentially forming a new European competitor to existing satellite internet services. This collaboration aims to establish a joint venture, codenamed “Bromo,” to produce satellites that can compete with Chinese and American counterparts, including Starlink. The formal agreement is expected to take up to two years to finalize.

European Project Overview

This initiative requires approval from the European Commission. Given the strategic importance of satellite internet, the Commission is anticipated to be more amenable to the proposal. Additionally, France has increased its investment in Eutelsat to support European sovereignty in the satellite sector.

Financial and Strategic Goals

The joint venture aims to create a company valued at 10 billion euros, inspired by the formation of MBDA, a European missile systems company. The objective is to consolidate the satellite activities of Airbus, Thales, and Leonardo into a single entity capable of competing on a global scale.

• The framework agreement between Airbus, Thales, and Leonardo seeks to merge satellite-related activities to challenge Chinese and American market leaders.
• The proposed joint venture is expected to have a valuation of 10 billion euros.
• Approval from the European Commission is the next critical step in the process.
• The strategic importance of satellite internet may influence the Commission’s decision.