Thales signs agreement with Panafsat in Morocco

(CercleFinance.com) - Moroccan company Panafsat and Thales Alenia Space, a joint venture between the Thales (67%) and Leonardo (33%) groups, announce the signature of a memorandum of understanding to build a Moroccan satellite communications system.


The aim is to bring ultra-high-speed connectivity to 26 African countries, including 23 French-speaking ones, with a population of over 550 million spread over an area of 12 million km².

Thales Alenia Space will be responsible for building a flexible, ultra-high-performance satellite. This satellite will provide broadband Internet connectivity to accelerate the transformation of the digital landscape of the African continent.

Hervé Derrey, Chairman and CEO of Thales Alenia Space, said: ' This project will undoubtedly be a major asset in bridging the digital divide in rural areas, fostering economic growth and reinforcing pan-African digital sovereignty. '

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