How?
As public-partnership model with two types of secure communication services:
1️governmental
2️private
Governmental services are publicly funded. To complement those private contractors are chosen to use this infrastructure & offer additional services.
What will it cost?
€2.4 billion from the EU budget
+ X @esa contribution
+ Y private investments
You can find the further information on the website of @defis_eu 👇
https://defence-industry-space.ec.europa.eu/eu-space-policy/eu-space-programme/iriss_en
What will it provide?
Critical communication services where terrestrial networks are absent or disrupted, e.g. in Ukraine or in case of natural disasters.
🐦🔗: https://nitter.eu/nnienass/status/1593566635360665601