EU Allocates Mobile Satellite Spectrum to Non-European Firms
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Newsfilter
- New Spectrum Allocation: The European Commission announced that next year, non-European satellite operators like Elon Musk's Starlink and Amazon can bid for mobile satellite spectrum, but most frequencies will be reserved for European businesses, aiming to encourage new market entrants.
- Tech Sovereignty Push: This move reflects the EU's desire to enhance its technological sovereignty by supporting local tech players in response to China's technological rise and the dominance of U.S. tech giants, particularly amid escalating transatlantic tensions.
- Frequency Band Advantages: The 2 GHz frequency band is ideal for direct services, allowing users to bypass telecom providers, providing critical communication capabilities, and ensuring high-speed internet access in remote areas, thereby enhancing the resilience of the EU's communication networks.
- Government Use Assurance: The new allocation system reserves one-third of the mobile satellite spectrum for governmental use, including security and military applications, to be provided by an EU operator that will integrate with the EU's IRIS2 multi-orbit satellite array, ensuring the stability of critical communication services.
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Analyst Views on AMZN
Wall Street analysts forecast AMZN stock price to rise
44 Analyst Rating
41 Buy
3 Hold
0 Sell
Strong Buy
Current: 274.000
Low
175.00
Averages
280.01
High
325.00
Current: 274.000
Low
175.00
Averages
280.01
High
325.00
About AMZN
Amazon.com, Inc. provides a range of products and services to customers. The products offered through its stores include merchandise and content it has purchased for resale and products offered by third-party sellers. The Company’s segments include North America, International and Amazon Web Services (AWS). It serves consumers through its online and physical stores and focuses on selection, price, and convenience. Customers access its offerings through its websites, mobile apps, Alexa, devices, streaming, and physically visiting its stores. It also manufactures and sells electronic devices, including Kindle, Fire tablet, Fire TV, Echo, Ring, Blink, and eero, and develops and produces media content. It serves developers and enterprises of all sizes, including start-ups, government agencies, and academic institutions, through AWS, which offers a set of on-demand technology services, including compute, storage, database, analytics, and machine learning, and other services.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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