Opinionated comments on mobile phone industry news
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All entries are written by Anders Borg, CEO and Consultant of Abiro, that has a long experience in strategic planning, developing embedded and Java software, usability aspects, and the mobile phone industry in general. You can also read the latest Mobile News entries on your phone via wap.abiro.com, and we provide many News Feeds from popular news services. For advertising and contribution queries, please use the feedback form. News feed (local) FeedBurner Feed
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Saturday, May 19, 2007
Galileo, location, politics and money
Europe's Galileo Losing Out to U.S. GPS indicates the investors in Galileo consider it too expensive.
As far as I know GPS was almost completely government funded (as in paid by tax dollars), while Galileo is intended to be paid by private investors by 2/3. That's probably not a good idea. It's way easier to raise money from people that don't know about it (again, tax dollars (sorry, Euros) from you and me) than bet on private investors to shelf out money for a possible (and arguable) future ROI. Maybe some lobbyist (or maybe a few more) can convince EU that this is so important politically that EU should fund it almost fully.
As far as I know GPS was almost completely government funded (as in paid by tax dollars), while Galileo is intended to be paid by private investors by 2/3. That's probably not a good idea. It's way easier to raise money from people that don't know about it (again, tax dollars (sorry, Euros) from you and me) than bet on private investors to shelf out money for a possible (and arguable) future ROI. Maybe some lobbyist (or maybe a few more) can convince EU that this is so important politically that EU should fund it almost fully.
