Blog: Eutelsat-OneWeb LEO Satellite Needs to Overcome Brexit Hurdles to Rival SpaceX – Bloomberg

A satellite merger between France’s Eutelsat Communications SA and Britain’s OneWeb relies on an unusual power-sharing arrangement that will test the two nations’ cooperation on industrial strategy, the European Union and Russia.

The two government-backed businesses agreed to combine on Tuesday, only after the French satellite operator got the green light from President Emmanuel Macron, according to a person familiar with the discussions. A representative for the French presidency declined to comment on its involvement in the deal. 

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