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EIB financing helped to launch 60 satellites into space in 2020

ICT Materials 22 April 2021 18:14 (UTC +04:00)
EIB financing helped to launch 60 satellites into space in 2020

BAKU, Azerbaijan, Apr.22

By Leman Zeynalova – Trend:

In 2020 alone, the European Investment Bank (EIB) financing helped to launch 60 satellites into space that provide broadband internet and enabled 2.6 million subscriptions for 5G services, EIB told Trend.

The EIB said it finds the following types of projects eligible for financing:

- We finance digital economy projects involving various aspects of information and communications technology (ICT) infrastructure, equipment, services, applications, research and development. Examples include:

- Mobile, TV broadcasting and transmission networks that enable national or international connectivity through high-capacity fibre-optic cables, satellites or submarine cables outside the EU

- Data centre facilities and hosted services such as cloud computing

- Manufacturing of handsets, network equipment, software, audio-visual equipment, displays (e.g., LCD) and chips (nano- and microelectronics)

- ICT applications for the automotive, electricity and healthcare industries

- Public services, such as e-government, e-health and e-business

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Follow the author on Twitter: @Lyaman_Zeyn

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