The European Investment Bank<\/b> (EIB) is loaning SES<\/b> 300 million euros ($322 million) to finance three satellites that will deliver broadcast and broadband services across Western Europe, Africa, and the Middle East. SES announced the seven-year loan on Wednesday. It is the largest amount ever provided by the EIB to a Luxembourg-based company.<\/p>\n
The EIB said the size of the loan demonstrates how important the space sector is to the bank and the European Union. <\/p>\n
\u201cSpace technology, data and services have become indispensable in the lives of Europeans. I am therefore very enthusiastic about this agreement with SES, which directly supports the EU space policy. \u2026 Space is a key driver of innovation in Europe and we are eager to support space entrepreneurship,\u201d commented EIB Vice President Kris Peeters.<\/p>\n
The financing will support three satellites SES has ordered from Thales Alenia Space: ASTRA 1P and ASTRA 1Q, ordered in late 2021; and SES-26 ordered in March 2022. Both ASTRA 1Q and SES-26 are next-generation digital satellites. All three satellites are set to launch in 2024. <\/p>\n
\u201cThis diversifies SES\u2019s sources of financing on attractive financial terms,\u201d said SES CFO Sandeep Jalan. \u201cThe agreement enables us to deliver on our commitment to broadcast high-quality content from our prime TV neighborhood serving 118 million TV households across France, Germany and Western Europe.\u201d <\/p>\n
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The European Investment Bank (EIB) is loaning SES 300 million euros ($322 million) to finance three satellites that will deliver broadcast and broadband services across Western Europe, Africa, and the Middle East. SES announced the seven-year loan on Wednesday. It is the largest amount ever provided by the EIB to a Luxembourg-based company. The EIB […]<\/p>\n","protected":false},"author":1,"featured_media":54201,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-54200","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/54200"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=54200"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/54200\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media\/54201"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=54200"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=54200"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=54200"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}