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EU Commission and EIB back launch of prototype satellite Alphasat

Submit on Thursday, April 22nd, 2010 22:59

The European Commission announced it was financing the Alphasat telecommunications satellite, which is expected to launch in 2012, with up to EUR225 million (US$299 million) from the EU’s Risk-sharing Finance Facility (RSFF), jointly created by the European Commission and European Investment Bank.
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