Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

EU Opposes More Cost Increases for Satellite, Handelsblatt Says

Don't Miss Out —
Follow us on:

March 24 (Bloomberg) -- The European Commission isn’t prepared to accept further cost increases for the Galileo satellite project, Handelsblatt said, citing European Union Industry Commissioner Antonio Tajani.

Tajani said he met with executives from European Aeronautic Defence & Space Co., OHB Technology AG and Thales Alenia Space SAS to argue that increases beyond the 1.9 billion-euro ($2.69 billion) announced in January wouldn’t be acceptable to taxpayers, the newspaper said.

To contact the reporter on this story: Naomi Kresge in Berlin at nkresge@bloomberg.net

To contact the editor responsible for this story: Phil Serafino at pserafino@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.