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EU is close to funding its own satellite internet system – report

November 11, 2022

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European Union (EU) countries and European Parliament officials are close to a finalizing a €6 billion (US$6.18 billion) deal to put a satellite internet system into orbit. The European Commission first announced plans to do so earlier this year. Lawmakers are expected to meet on November 17th to hash out the final details, according to a Reuters report.

EC research on the project started back in 2020. But the project coalesced into public visibility when the European Commission first announced plans to deploy space-based secure connectivity in February. The EC announced a proposal for regulations around the technology and a joint communication on the EU approach to space traffic management (STM).

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