Addleshaw Goddard has advised Hispasat on the agreement for the creation of SpaceRISE, consortium formed by Eutelsat, SES and Hispasat, as well as on the agreements with the European Commission and the European Space Agency for the launch of IRIS² (Satellite Resilience, Interconnectivity and Security Infrastructure), the European Union's constellation of secure connectivity satellites. This is a flagship project of the European Union and aims to achieve an interconnected and secure Europe. IRIS² will involve an investment of more than €10.5 billion and is the first public-private co-investment model (PPP) in the aerospace sector in Europe.
Hispasat's investment in IRIS² could amount to up to €600 million and will mean the Spanish company's access to non-geostationary orbit capabilities in regions of high strategic interest. This complements the Hispasat Group's current product portfolio, expanding its geographical areas and business verticals.
The Addleshaw Goddard team in charge of leading this deal has been coordinated by Corporate partner Roberto Pomares and associate Rosa Chen.
Roberto Pomares, Corporate Partner, points out that:
Hispasat, Redeia's communications satellite operator, is the main driver of innovation in the Spanish aerospace sector. It is a communications bridge between Europe and America as a provider of broadband internet connection. It also leads the broadcasting and distribution of audiovisual content in Spanish and Portuguese.
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With a target size of €250 million, the fund aims to complete betwee...
