The European Commission is moving forward with its delayed sovereign broadband constellation plan, IRIS², after receiving a final offer from a consortium led by SES, Eutelsat, and Hispasat. The project, which aims to deploy over 290 satellites by 2030, faces increased costs, now estimated at 10 billion euros, with a budget commitment expected by the end of the year. The initiative includes provisions for subcontracting at least 30% of contracts to smaller companies to enhance the regional space economy.
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