Eutelsat Communications: EIB Supports Eutelsat for the Procurement and Launch of the KONNECT VHTS Satellite
Eight-year, €200 million EIB loan focused on the KONNECT VHTS programme, an advanced satellite providing unprecedented capacity for both fixed and mobile broadband services.
The project contributes to boosting high-speed broadband coverage on a pan-European level in line with the Gigabit Society targets of the European Commission.
Regulatory News:
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210113005391/en/
The European Investment Bank (EIB), the long-term lending institution of the European Union, and Eutelsat (Paris:ETL), one of the world's leading satellite operators, announced a €200 million financing agreement at the European Space Conference today. This eight-year loan will back investments related to the procurement and launch of the KONNECT VHTS satellite for the provision of advanced broadband services in Europe and neighbouring areas.