French provider of Eutelsat satellite communication services successfully conducted the world's first testing to 5G space network with oneweb satellites in low Earth orbit (LEO), reported on Monday, which led to an increase in his shares.
European Telecommunications and Space Companies Increase Internet Efforts Due to Investment In Satellite, which are the basis of the IRIS² European Commission Program worth 10,6 billions of euros (11,1 billions of US dollars).
Earth -based 5G networks (NTN), which improve and provide wireless coating of remote places directly from space, is one of the projects, developed as part of the IRIS² program.
Iris² will include 270 LEO and 18 satellites in the Middle Earth orbit (MEO). The group will fully work with 2030 year.
Eutelsat shares, which increased to 10,5% On the eve of the session, as of 10:36 Gmt were on the way to the greatest one -day growth in three years.
Simultaneously, they fell approximately on 66% over the past year, which led to the exclusion of the company from the French SBF index 120.