| Project Detail |
The project concerns the implementation of a constellation of Medium Earth Orbit (MEO) satellites that is expected to cover 96% of the world population, providing data connectivity with the level of quality and capacity required to connect mobile network antennas, thereby enabling 4G mobile broadband services in remote areas. The specific project scope financed by the bank will include the acquisition of three MEO satellites (from the 9th to the 11th of a final total of 13 satellites, after the constellations final design adjustment), their insurances and launches.
Objectives
The main objective of the project is to provide data connectivity services, notably in remote areas across the globe with a quality of experience in terms of speed and latency in line with the requirements of a mobile broadband network backhaul. The project will also strengthen the European leadership in the space technology sector, through the investment in next generation satellite solutions.
Sector(s)
Telecom - Information and communication
Proposed EIB finance (Approximate amount)
EUR 125 million
Total cost (Approximate amount)
EUR 360 million |
