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Eutelsat secures EUR 200 mln loan with EIB to finance Konnect VHTS satellite

Wednesday 13 January 2021 | 17:19 CET | News
The European Investment Bank (EIB) and Eutelsat announced a EUR 200 million financing agreement that will support the satellite operator's Konnect VHTS programme. The eight-year loan will be used for the procurement and forthcoming launch of Eutelsat's next-generation satellite dedicated to high-speed broadband access, particularly across under-served communities, as well as in-flight connectivity in Europe and neighbouring areas. Built by Thales Alenia Space, Konnect VHTS should launch later this year and is scheduled to enter into service in 2022.

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Categories: Broadcast & Satellite
Companies: European Investment Bank / Eutelsat
Countries: Europe
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