Satellite provider SES has signed an agreement with the Luxembourg government to establish a €19.2m ($21m) seed fund aimed at the information and communications technology (ICT) sector.
Post Capital, the investment unit of conglomerate Post Luxembourg, telecommunications firm Proximus, financial services firms BIL and SNCI, law firm Arendt & Medernach and financial technology hub BHS have also joined the initiative.
Named Digital Lëtzebuerg, the fund hopes to establish a favourable ecosystem for the ICT sector in Luxembourg and will particularly…
