The European Funding Financial institution (EIB), the financing establishment of the European Union, and main world content material connectivity options supplier SES introduced particulars of their euro 300 million financing settlement at a press briefing on the SES headquarters in Betzdorf, Luxembourg.
The seven-year time period mortgage will again investments associated to the design, procurement and launch of three beforehand introduced satellites that can ship superior broadcast and broadband providers spanning Western Europe, Africa and the Center East. The mortgage is the biggest quantity ever supplied by the EIB to a Luxembourg-based firm.
The venture supported through EIB financing contains the procurement of three satellites from Thales Alenia House to ship video broadcasting in addition to community providers. Working from SES’s prime TV neighbourhood of 19.2 levels East (ASTRA 1P, ASTRA 1Q) and 57 levels East (SES-26) will allow SES to strengthen its world-class satellite tv for pc broadcast over Europe and Africa, and help dynamic connectivity wants for firms and governments from the center of Europe throughout Africa and the Center East.
Two of the three satellites are next-generation, versatile and totally software-defined satellites that can allow service reconfiguration and on the spot in-orbit adjustment to SES clients’ calls for. All three satellites, when launched in 2024, will likely be operated from SES’s headquarters in Luxembourg.
EIB Vice-President Kris Peeters mentioned: “House expertise, knowledge and providers have turn out to be indispensable within the lives of Europeans. I’m due to this fact very smitten by this settlement with SES, which immediately helps the EU house coverage. It’s a large step within the profitable launch of a brand new era of satellites capable of ship superior broadcast and broadband providers for the good thing about each the non-public and public sectors in Western Europe and past.
“House is a key driver of innovation in Europe and we’re desperate to help house entrepreneurship. The dimensions of the mortgage, the biggest ever supplied by the EIB to a Luxembourgish firm, additionally demonstrates how strategically essential the house sector is for the EIB and the European Union.”
Sandeep Jalan, Chief Monetary Officer of SES, mentioned, “We’re very completely satisfied to have secured this time period mortgage from the European Funding Financial institution. This diversifies SES’s sources of financing on engaging monetary phrases. The settlement allows us to ship on our dedication to broadcast high-quality content material from our prime TV neighbourhood serving 118 million TV households throughout France, Germany and Western Europe. These next-generation satellites are additionally capable of help essentially the most formidable plans for firms and governments throughout Europe and past, enabling them to enter the brand new period of networked connectivity providers.”
The transaction follows the EU and EIB dedication to strengthen their help for European house firms. It’s in step with the Gigabit Society targets of the European Fee that each one households in Europe shall have entry to a minimum of 100 Mbps web connectivity by 2025.
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SpaceX launches two broadband satellites for Luxembourg firm
Washington DC (UPI) Dec 16, 2021
Elon Musk’s SpaceX launched two high-power broadband satellites for a Luxembourg agency’s new communications system towards orbit Friday night from Florida.
The Falcon 9 rocket’s second stage was to put the primary two O3b mPOWER satellites into orbit to affix Luxembourg-based SES’s 20 first-generation O3b Web satellites.
SES is a satellite tv for pc telecommunications community with 67 presently operational satellites underneath its management in each geostationary orbit and medium Earth orbit.
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