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SES Gets Loan From EIB for 3 Satellites

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,…

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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.