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19 Mar 2002
European communications companies are asking their governments to sign off a multibillion dollar satellite network.
The Galileo network will use 30 satellites by 2008 to compete against the US-run Global Positioning System.
Eight European firms, including the Thales and Eutelsat consortia, have agreed to set up a group of private companies to develop Galileo.
Crucial to the deal is the backing of an EU transport ministers' meeting on 25 March. EU governments would pay $970m of the project's price tag, with private investors expected to provide $1.8bn.
EU leaders have so far backed Galileo on condition that the consortia could get more investors on board. France and Italy in particular see an independent satellite system as a way of moving away from US technology.
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