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What does OLT stand for?

OLT stands for Overwhelmingly Large Telescope

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Samples in periodicals archive:

Just the names of many of the proposed observatories suggest an arms race: the Giant Magellan Telescope, the Thirty Meter Telescope and the European Extremely Large Telescope, which was downsized from the OverWhelmingly Large Telescope.
The European Southern Observatory, which the UK has recently joined, is studying a proposal for the project, aptly called the Overwhelmingly Large Telescope - OWL.