The EU Just Announced a $7 Billion Satellite Internet System to Rival Starlink

One of the most essential things that people tend to require these days is a high speed internet system, and the main problem with that is that only those that live in urban settings get access to this type of service for the most part. Individuals that live in rural locales often don’t enjoy such high speeds because of the fact that this is the sort of thing that could potentially end up preventing internet cables from reaching them.

The arrival of Starlink might spell the end of this kind of conundrum, and China and Russia have announced their own satellite internet systems as well so that they don’t fall behind. With all of that having been said and now out of the way, it is important to note that the EU is getting in on this as well with a recently announced satellite based communication system that would provide internet to people that live in that continent although it might also serve individuals in other parts of the world if its launched smoothly.

The main advantage of satellite internet is that it’s not reliant on cables that are under ground, and the EU has said that creating this internet system is vital to their future since not having it could make them fall behind in a wide range of ways with all things having been considered and taken into account. The organization plans to spend at least 6 billion Euros on the project which comes up to around $6.8 billion based on current exchange rates that can be viewed.

Suffice it to say that this type of project could give a company like Starlink a real run for its money. Starlink has already faced a few hiccups in its launch which has given its competitors the chance to finally get their foot in the door. This is a brand new space race that is occurring, and it will be interesting to see how this ends up playing out in the coming years because whoever wins this race will end up becoming very successful indeed as time starts to go by.

Read next: Study shows overall average download speeds have increased almost everywhere thanks to 5G
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