| Project Detail |
The project concerns the design, purchase and launch of currently the technologically most powerful European satellite for high speed broadband services, also including the ground segment components. The different data services, which will reach up to 200 Mbps, will target residential and business customers in Europe, in northern Africa and the Middle East region. The start of the commercial service is planned for 2022.
Objectives
The proposed investments will enable high capacity fixed broadband services in remote areas that today have poor coverage and weak terrestrial infrastructure. Due to the advanced features of the satellite, at the same time, connectivity for aircraft, mobile operators and governments can also be provided. Furthermore, this infrastructure will provide connectivity during emergency situations in case of failure or absence of terrestrial networks during natural disasters.
Sector(s)
Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 200 million
Total cost (Approximate amount)
EUR 459 million |
