financetom
Business
financetom
/
Business
/
Italy's co-ruling League takes aim at Eutelsat, says Starlink better
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Italy's co-ruling League takes aim at Eutelsat, says Starlink better
Mar 7, 2025 1:33 AM

ROME (Reuters) - Italy's co-ruling League party is pushing Rome to pick U.S. company Starlink over French-led operator Eutelsat in talks to obtain systems for secure satellite communications, saying Starlink's technology is more advanced.

Prime Minister Giorgia Meloni's government aims to guarantee encrypted communications between the government, diplomats and defence officials operating in risky areas.

Reuters reported this week that Eutelsat is among companies in talks with the government along with U.S. billionaire Elon Musk's Starlink, which dominates the sector with 6,700 active satellites against just over 600 owned by Eutelsat.

"In the Italian interest it would be odd to choose a French entity instead of a more technologically developed and avant-garde system like the American one," the League said in a statement late on Thursday, without naming the two companies.

Matteo Salvini's far-right League, part of the Italian ruling coalition along with Meloni's Brothers of Italy and the more moderate Forza Italia, is a strong supporter of U.S. President Donald Trump to whom Musk is a close adviser.

In an interview with Bloomberg TV on Thursday, Eutelsat CEO Eva Berneke confirmed discussions were going on with Italy, which is looking for a solution to its immediate needs amid delays in the development of the EU's IRIS² satellites.

"What we can do until IRIS² gets there is what the Italians are looking at, and we are in discussions with them because right now there are Starlink and us who have low constellations in orbit," she said.

After the interview, sources in Meloni's office said Italy had not entered formal negotiations with Eutelsat or other operators and any decision would be taken "in full compliance with institutional procedures and with the utmost transparency".

Opposition parties in Italy questioned the advisability of giving a key national security contract to Musk, whose company is currently under the spotlight amid suggestions it could cut off Ukraine from Starlink, hurting satellite communications that play a key role in Kyiv's ability to fight Russia's invasion.

"We are certain that, in a delicate phase like this, every choice must be weighed exclusively in the name of Italy's national interest, without ideological prejudice, considering the U.S. an indispensable partner for the security and growth of our country," the League party statement said.

Musk welcomed the League's position on his social network X.

"Much appreciated," he wrote in a comment to an English translation of the statement.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Elastic Fiscal Q2 Non-GAAP Earnings, Revenue Increase; Fiscal 2025 Guidance Revised -- Shares Surge After Hours
Elastic Fiscal Q2 Non-GAAP Earnings, Revenue Increase; Fiscal 2025 Guidance Revised -- Shares Surge After Hours
Nov 21, 2024
04:23 PM EST, 11/21/2024 (MT Newswires) -- Elastic (ESTC) reported fiscal Q2 non-GAAP earnings late Thursday of $0.59 per diluted share, up from $0.37 a year earlier. Analysts polled by FactSet expected $0.38. Revenue for the quarter ended Oct. 31 was $365.4 million, up from $310.6 million a year earlier. Analysts surveyed by FactSet expected $354.3 million. The company said...
TeraWulf Promotes Sean Farrell to COO
TeraWulf Promotes Sean Farrell to COO
Nov 21, 2024
04:22 PM EST, 11/21/2024 (MT Newswires) -- TeraWulf ( WULF ) promoted Sean Farrell to chief operating officer, effective immediately. Farrell, 38, most recently served as senior vice president of operations, TeraWulf ( WULF ) said Thursday in a regulatory filing. ...
Marjorie Taylor Greene to work with Musk's new government efficiency panel
Marjorie Taylor Greene to work with Musk's new government efficiency panel
Nov 21, 2024
WASHINGTON, Nov 21 (Reuters) - Republican Marjorie Taylor Greene said on Thursday she will chair a U.S. House of Representatives panel on government efficiency, working with billionaire Elon Musk and Vivek Ramaswamy in their effort to streamline the U.S. government. Musk, the billionaire CEO of Tesla and SpaceX, and Ramaswamy, a former Republican presidential candidate and biotech executive, were tasked...
Bitdeer Technologies Plans $360 Million Private Placement of Debt
Bitdeer Technologies Plans $360 Million Private Placement of Debt
Nov 21, 2024
04:22 PM EST, 11/21/2024 (MT Newswires) -- Bitdeer Technologies ( BTDR ) said Thursday it plans to offer $360 million of convertible senior notes due 2029 in a private placement. Initial buyers of the notes will be given an option to buy up to an additional $40 million of notes, the company said. A part of the net proceeds will...
Copyright 2023-2026 - www.financetom.com All Rights Reserved