Suggestions that Ukraine could lose access to Elon Musk's Starlink satellite internet system, which has been vital in maintaining its military communications as it fights Russia's invasion, have focused investor interest on Starlink's smaller European rival Eutelsat .

French satellite operator Eutelsat may become an analogue of Elon Musk's Starlink.Financial Times reported this.The company is negotiating with European

Shares of Eutelsat Communications SA more than tripled this week, the French satellite provider’s biggest ever two-day gain, after European Union politicians pledged to boost defense spending and the US paused aid to Ukraine.

Franco-British satellite operator Eutelsat said on Monday it was committed to boosting Europe's autonomy in space-based connectivity and supplying internet access to war-torn Ukraine.

French satellite communications operator Eutelsat is in talks with European governments about expanding its services in Ukraine. The company could become an alternative to Starlink, the Financial Times reports.

By Gianluca Lo Nostro and Michal Aleksandrowicz (Reuters) -Shares in Eutelsat surged more than 60% on Tuesday, extending their gains after rising 68% a day before, as recent geopolitical developments raised the prospect of OneWeb satellites replacing Elon Musk's Starlink in Ukraine.