Financial Times

European Commission takes on SpaceX and Amazon with its own satellite internet system

The European Commission has approved plans for a €6 billion satellite internet system to compete with the likes of Amazon and SpaceX, despite previous objections from its internal watchdog. Brussels’ initiative to provide encrypted broadband coverage was twice rejected by the European Commission’s Regulatory Scrutiny Board. The board, which vets impact assessments for proposals put forward by the commission, believed the scheme would waste money and compete with commercial services.