SES Gets Loan From EIB for 3 Satellites

January 12, 2023 |Satellite

The European Union's European Investment Bank is giving SES a $322.5 million loan for three satellites to provide broadcast and broadband services in Western Europe, Africa and the Middle East, EIB said Wednesday. The three are to launch in 2024, it said. EIB said the deal is part of the European Commission's Gigabit Society target that all European households have at least 100 Mbps internet connectivity by 2025.