Hispasat, owned by partly state-owned Spain's grid operator Red Electrica de Espana, has been commissioned to deploy the infrastructure required to provide ultra-fast internet connection at a flat rate of 35 euros ($37.43) per month, the ministry said in a statement.
To cover the cost of installation and equipment needed, it is set to receive 76.3 million euros from the European Union's "Next Generation EU" recovery funds.
"The aim of this programme ... is to bring connectivity to 100% of rural, remote and sparsely populated areas throughout the country at an affordable price, closing the digital divide," the ministry said.
Hispasat launched its geostationary Amazonas Nexus satellite aboard a SpaceX Falcon 9 rocket on Monday from the U.S. Space Force station at Cape Canaveral, Florida. The satellite is designed to enable high-speed internet connectivity on aircraft and ships.
Hispasat is the operating company for a number of Spanish communications satellites that cover the Americas, Europe and North Africa.
($1 = 0.9350 euros)
(Reporting by David Latona Editing by Mark Potter)
