April 29, 2021 |
Argentina has approved plans to borrow up to $244 million from the Latin American development bank CAF to help finance a telecommunications satellite project, according to a presidential decree on Wednesday.
The funds from the 15-year loan will go toward building and launching a second-generation geostationary telecommunications satellite, called the ARSAT-SG1, to provide digital connectivity in distant parts of the country, the government said. The builder will be INVAP, a state-owned technolog
CAF will provide a 15-year loan for up to $244 mln to extend digital connectivity to more rural areas