||The project concerns the design, the purchase and the launch of three satellites in order to support the companys transition from traditional TV broadcasting to more innovative IP based streaming services. Two satellites will be located at the orbital slot 19.2 degrees East and one at 57 degrees East. The satellites are very important for the promoters business as they cover key central European markets (including Germany, France, Austria, Switzerland and Spain) as well as Africa and Middle East. Through these new satellites, the Direct to Home TV with latest HD quality will be strengthened and more innovative TV services such as IP multicast streaming to residential users and terrestrial 5G networks including broadband data services are added.
The project will secure key strategic orbital slots (19.2 and 57 degrees East) and strengthen the European leadership in the geostationary space technology sector, through the investment in next generation satellite solutions.
Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 300 million
Total cost (Approximate amount)
EUR 625 million