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HomeTechItaly plans $1.5 billion SpaceX telecom security services deal, Bloomberg News reports

Italy plans $1.5 billion SpaceX telecom security services deal, Bloomberg News reports

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(Reuters) – Italy is in advanced talks with Elon Musk’s SpaceX for a deal to provide secure telecommunications for the government, Bloomberg News reported on Sunday.

Italian officials have been negotiating on a 1.5 billion euros ($1.55 billion) deal aimed at supplying Italy with a full range of top-level encryption for telephone and Internet services used by the government, the report said, citing people with knowledge of the matter.

($1 = 0.9708 euros)

(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Andrew Heavens)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibility for its content.

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