Eutelsat Communications said to be in merger talks with OneWeb, according to Bloomberg

Arch rivals at Bloomberg have just broken a decent story about Eutelsat Communications holding merger talks with OneWeb this afternoon.

According to Bloomie, British satellite firm OneWeb is nearing a deal to combine with France’s Eutelsat Communications in a transaction that would create a pan-European operator that could better compete with Elon Musk’s Starlink project...