Europe firms agree satellite merger to counter Starlink
23/10/2025 06:04
ROME, Oct 23 (Reuters) - European aerospace groups unveiled a preliminary deal on Thursday to pool their loss-making satellite manufacturing activities, combining forces after months of negotiations to counter the runaway growth of rivals led by Elon Musk's Starlink. The keenly awaited deal between Airbus AIR.PA, Thales TCFP.PA and Leonardo LDOF.MI would create a new venture starting from 2027, subject to approval by European regulators who have resisted such moves in the past. (Reporting by Giulia Segreti, Editing by Tim Hepher) ((Giulia.Segreti@tr.com; +39.06.80307714;))
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