Call for the building and commercialisation of a new satellite for Bulgaria, Greece and Cyprus emerged from a ministerial meeting in Sofia, Bulgaria, on Feb. 14. According to a memorandum issued following the meeting, the three governments will not take part directly in the commercial exploitation of satellite communications but will give a licence to a telecommunications operator, which will be responsible for the realisation of the project and for “starting the satellite” project.

A technical committee comprising one representative from each country will have to propose a co-ordinated procedure for choosing a licensee. The deadline for starting the satellite project is August 2004 and the procedure for choosing a licensee should be completed by August 2002. A representative from the Vatican attended the meeting, suggesting an interest by the Vatican in leasing some capacity.

Stay connected and get ahead with the leading source of industry intel!

Subscribe Now