EU lays out $6.8 billion satellite communication plan in space race

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EU lays out $6.8 billion satellite communication plan in space race
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The European Commission on Tuesday set out a 6 billion-euro ($6.8 billion) satellite communications plan, part of a push to cut the European Union's dependence on foreign companies and protect key communications services and surveillance data against any outside interference.

The move comes amid growing concerns over Russian and Chinese military advances in outer space and a surge in satellite launches.

Commercial operators such a Elon Musk's SpaceX and its Starlink network that aims to launch tens of thousands of satellites to supply global space-based wifi have also contributed to a fast-growing satellite population and resulting debris.

The EU proposal aims to build and operate a space-based state-of-the-art connectivity system, help to counter cyber and electromagnetic threats and improve the resilience of EU telecommunication infrastructures The 6 billion euro cost will be funded by a 2.4 billion euro contribution from the EU from 2022 until 2027, the EU budget, EU countries, the European Space Agency and private investments.Register now for FREE unlimited access to Reuters.comTechnology RoundupSign up

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