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.
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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