Concerns over Starlink's future in Ukraine are increasing interest in Eutelsat, an alternative satellite internet service

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 .

European authorities are working with Eutelsat, a French satellite operator, to deploy more satellites in Ukraine. View on euronews

Joanna Darlington, Chief Communications and Investor Relations Officer for Eutelsat, told The Register that, over Europe, Eutelsat offers the same capabilities as Starlink in terms of coverage and latency, and the company's LEO services were already deployed in Ukraine.

French satellite operator Eutelsat Communications SA said talks with the European Union to replace Elon Musk’s Starlink in Ukraine are intensifying as the US pulls back from its commitments there.

Eutelsat aims to deploy 40,000 terminals to replace Starlink in Ukraine soon. Talks with suppliers and the EU Commission are ongoing.

Shares of French satellite operator Eutelsat Communications (EPA:ETL) soared 387 percent last week, driven by speculation that the company could replace Elon Musk’s Starlink as Ukraine’s primary satellite internet provider.