- Narendra Modi met with the IMF Executive Director and welcomed peace efforts in West Asia during his G7 Summit attendance.
- Talks involving leaders were held during the G7 Summit in Evian, France, on June 16, 2026.
- Modi and Goyal deepen strategic economic partnership, inviting French firms to invest in Indian growth sectors.
French State Becomes Largest Shareholder in Eutelsat Deal
What happened
The French state has become the largest shareholder in Eutelsat, holding a 29.65% stake. This follows Bharti Space's participation in Eutelsat's capital raise in November 2025, where Bharti Space remained the largest private shareholder with a 17.88% stake. Bharti Enterprises was also recognized for strengthening economic ties between India and France.
From indiatimes.com
Why it matters
The transaction deepens cooperation between India and France in strategic sectors, including digital infrastructure and satellite communications. The move reinforces the strategic position of Eutelsat within the global satellite communications market.
Leaders Modi and Goyal previously deepened the strategic economic partnership between the two nations during talks held at the G7 Summit in Evian, France, on June 16, 2026.
From indiatimes.com
Who's involved
- Bharti SpaceParticipated in Eutelsat's capital raise and is the largest private shareholder.
- EutelsatFrench-based satellite provider that saw the French state become its largest shareholder.
- Bharti EnterprisesCompany recognized for strengthening economic ties between India and France.
- Eutelsat CommunicationsFrench telecommunications company involved in the strategic deepening of cooperation.
Keep exploring
The entities involved
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Bharti Enterprises
company
Nothing else this week.
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Eutelsat
French-based satellite provider