TAMPA, Fla. — Europe’s ambitions for a sovereign connectivity constellation are now in the hands of industry, the European Parliament said Feb. 14 after voting to approve the 6 billion euro ($6.4 billion) plan.

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Jason Rainbow writes about satellite telecom, finance and commercial markets for SpaceNews. He has spent more than a decade covering the global space industry as a business journalist. Previously, he was Group Editor-in-Chief for Finance Information Group,...