Bicester-based Bigblu is the largest distributor of satellite broadband packages across Europe with 50,000 subscribers spanning 10 countries, including the UK.
Eutelsat’s services range from a basic package of 30 megabit speed for €29.99 (£27.50) per month, to 100 megabits for €69.99 per month.
The company said the 2pc it was targeting represented 500,000 homes in the UK and around 4m in Western Europe.
Mr Belmer said it made sense for telecoms firms to buy its entire capacity because it reduced the pressure to expand their networks into areas where it was too expensive.
The company’s attempts to secure a slice of the British market comes as industry and Government struggle to keep the UK’s broadband plans on track.
Boris Johnson has reneged on a series of pledges to carpet the nation in faster broadband connectivity after originally vowing to upgrade Britain to full-fibre broadband within five years.
The Prime Minister has now promised to connect 85pc to gigabit speeds by 2025, instead of the entire nation.
New Ofcom boss Melanie Dawes caused BT shares to soar earlier this month when she vowed not to cap prices on faster and more reliable fibre services until at least 2031.
But BT boss Philip Jansen has warned ministers that Britain risks “snatching defeat from the jaws of victory” by failing to unleash billions of pounds of private investment in a nationwide broadband upgrade.
Mr Jansen said he needed certainty for 20 years rather than 10 to incentivise the company to build as fast as it can.