Spain and Norway have signed an agreement to develop a telecom satellite for use by both countries.
The project to build a high-capacity satellite, Hisnorsat, will require an investment of €300m.
The Spanish Government, through its satellite communications operator Hisdesat, will have a 60% stake in the project, while Norway’s Defence Logistic Organisation will hold the remaining stake.
Hisnorsat is scheduled for launch in 2014 and will provide strategic communications coverage for the two countries’ civilian and military sectors.
