Italy, 1.5 billion euros for telecommunications security - The Government, close to the agreement with SpaceX to provide these services
Italy is in advanced talks with Elon Musk's SpaceX about a deal that will provide secure telecommunications for the country's government. This will be the largest project of its kind in Europe.
Discussions are ongoing and a final agreement on the five-year contract has not been reached, the sources said. The project has been approved by the Italian Intelligence Services as well as the Ministry of Defense in the country.
Negotiations, which had stalled recently, appeared to make progress after Italian Prime Minister Giorgia Meloni visited President-elect Donald Trump in Florida.
Italian officials have negotiated a €1.5 billion deal aimed at supplying Italy with a full range of high-level encryption for phone and internet services used by the government. The plan also includes communications services for the Italian military in the Mediterranean area, as well as the extension of satellite services for emergencies such as terrorist attacks or natural disasters.
The potential deal has been under consideration since mid-2023, although it has been opposed by some Italian officials worried about how the services could hurt domestic carriers.
In 2024 alone, Musk's SpaceX has added more than 20 countries to its Starlink satellite internet service. It now serves more than 4 million people in over 100 countries and territories, displacing legacy telecom operators and overcoming new challenges from Amazon.com Inc. and rivals like China.
SpaceX provides Starlink service for commercial applications ranging from residential Internet service to shipping and airlines, and is also developing a product called Starshield for defense purposes.
Italy is one of the most competitive markets in the world for phone operators, who have been struggling with shrinking profits for years. The domestic industry is facing a new round of mergers, as well as disposal of multi-billion dollar assets.

How much are major currencies being exchanged today?
The American dollar is bought today at 94 Lek and sold at 95.2 Lek according to the local exchange rate. The European currency seems to have recovered......

The year 2024 ended with low confidence in the economy - BSH: Citizens, "pessimistic" about big purchases in the future
The year 2024 ended with low confidence in the economy. According to the monthly survey of the Bank of Albania, the economic sentiment indicator fell by 3.8......

694 million ALL for the new school in Tirana - The tender for the construction of the modern facility is opened
The Municipality of Tirana has announced the opening of the tender for the construction of a new school on "3 Martyrs" street, which includes 9-year......

Electric cars record UK sales - 20% to 1.95 million sold by 2024
Sales of electric cars in the UK hit record numbers last year as environmental groups push the government to stick more to green targets. The number of new......

How has billionaire Elon Musk weighed in global politics during 2024?!
Elon Musk's latest endorsement of Germany's far-right Alternative for Germany (AfD) party sparked controversy weeks before the country's federal election,......

Apple will pay $95 million to its customers to settle the lawsuit that accuses Siri of interception!
Apple has agreed to pay $95 million to settle a lawsuit that accuses the privacy-minded company of deploying its Siri virtual assistant to eavesdrop on......

Poland takes the presidency of the EU - The agenda focuses on the defense and security of Europe
Poland has officially assumed its presidency of the Council of the EU, with a focus on the defense and security of Europe. Among other things, the country's......

America's poorest state rivals Germany: How does GDP per capita compare in the US and the EU?!
The Gross Domestic Product (GDP) per capita of the poorest US state is higher than that of the five major European economies, with the exception of Germany.......