EU plans $11-bn satellite network to rival Starlink
Financial Express Chennai|December 17, 2024
THE EUROPEAN UNION (EU) is committing to build a €10.6 billion ($11.13 billion) constellation of satellites that will provide the bloc with encrypted global internet connectivity in a bid to provide a homegrown alternative to Elon Musk's Starlink.
GIAN VOLPICELLI & ANDREA PALASCIANO

The EU on Monday signed contracts to begin work on IRIS2, a 290-satellite multi-orbital network slated to be fully operational by 2030 that can serve European governments and militaries, as well as private customers. But it's a very late start for the bloc as it tries to close the gap with Starlink, which boasts more than 6,000 satellites and claims customers in some 100 countries.

The EU is concerned about becoming dependent on a private service after militaries across the world showed interest in Starlink's applications.

この記事は Financial Express Chennai の December 17, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Financial Express Chennai の December 17, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

FINANCIAL EXPRESS CHENNAIのその他の記事すべて表示
Financial Express Chennai

Axis Bank stock sinks 6% on weak Q3 show

Stocks hit 52-week low; brokerages slash price targets

time-read
2 分  |
January 18, 2025
Financial Express Chennai

Oil prices edge lower amid more supply concerns

OIL PRICES EDGED lower on Friday but remained on course for a fourth consecutive week of gains, as the latest U.S. sanctions on Russian energy trade added to worries about oil supply disruptions.

time-read
1 min  |
January 18, 2025
Financial Express Chennai

Rajnath Calls for Stronger Offense and Defence

INDIA'S OFFENSIVE AND defensive responses need to be further strengthened in view of turmoil in the rules-based global order, defence minister Rajnath Singh has said.

time-read
1 min  |
January 18, 2025
Financial Express Chennai

Quad meet with India on the table day after Trump takes office

● Secy of State nominee Rubio had faulted Obama govt for neglecting India-US ties

time-read
2 分  |
January 18, 2025
Financial Express Chennai

Will Not Attend Trump Inaugural, Says Nvidia CEO

Nvidia's Chief Executive Jensen Huang said on Friday he will not be attending U.S. President-elect Donald Trump's inauguration, but will instead be \"on the road\" celebrating the Lunar New Year with employees and their families.

time-read
1 min  |
January 18, 2025
Financial Express Chennai

Forex reserves fall to lowest in 10 months

INDIA'S FOREIGN EXCHANGE reserves extended their losing streak for a sixth straight week and stood at a 10-month low of $625.87 billion as of January 10, data from the Reserve Bank of India showed on Friday.

time-read
1 min  |
January 18, 2025
Financial Express Chennai

TechM logs 21% fall in Q3 profit

TECH MAHINDRA ON Friday logged a 21.36% sequential decline in its net profit due to a higher base reported in the previous quarter, that came from a one-time special income from sale of assets.

time-read
1 min  |
January 18, 2025
Financial Express Chennai

Mercedes-Benz showcases electric vision

THERE ARE LUXURY cars, and then there is Mercedes-Benz – true to its legacy, India’s largest luxury carmaker focused on top-end vehicles (or TEVs, those priced more than ₹1.5 crore).

time-read
1 min  |
January 18, 2025
Financial Express Chennai

Retrospective on first year back

THERE'S NO SHORTAGE OF DOWNSIDE RISKS FOR 2025, BUT DON'T EXPECT SUPPORTERS TO TURN ON HIM

time-read
4 分  |
January 18, 2025
Financial Express Chennai

ICICI Lombard Q3 net profit surges 68% to ₹724 crore

ICICI Lombard General Insurance on Friday posted a 68% year-on-year increase in its third-quarter net profit at ₹724 crore.

time-read
1 min  |
January 18, 2025