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Future of British Business

France and UK Try to Put Brexit Behind Them - In Space

  • UK’s role could threaten access to EU satellite plan
  • Macron had to sign off on deal before it was announced
Illustration of EUTELSAT 36D satellite
Illustration of EUTELSAT 36D satellite

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.