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Eutelsat Shares Drop 7% After Report of SoftBank Reducing Stake

Satellite operator Eutelsat saw its stock fall sharply following reports that Japan-based SoftBank Group cut its ownership in the company.

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Terms & Concepts
  • SoftBank Group: A Japan-based multinational conglomerate known for investments in technology, telecommunications, and finance sectors.
  • Satellite operator: A company that manages and operates communication satellites for broadcasting, internet, or data services.