Shares of Starlink’s European competitor have tripled. CEO says it can do the job in Ukraine.

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Talks with European leaders to replace Elon Musk’s Starlink satellite services in Ukraine have “intensified” over the past two weeks, said the chief executive officer of rival Eutelsat Communications.

“Until now, we have been together with Starlink there, but it’s clear that everybody is asking us today, ‘Can you actually replace especially the very large number of terminals that Starlink has across Ukraine?’ And that’s something we’re looking very actively at,” Eve Berneke, who heads the French satellite operator,

told Bloomberg on Thursday.

This post was originally published on Market Watch

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