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NewSat Announced $67 Million Deal for Ka-Ku-C Band Satellite

NewSat has just closed a 10-year satellite capacity deal, raising the total sold capacity of Jabiru-1 satellite to $US346 million.

 
PRLog - Dec. 18, 2011 - SOUTH MELBOURNE, Australia -- NewSat is about to complete the $400 million funding needed to build and launch its first independently owned geostationary satellite. The company announced that a telecommunication carrier in the Middle East made a  $US67 million commitment to buy its Ka band capacity.

The announcement came few days following the deal with Lockheed Martin for the construction of the Jabiru-1 satellite. The 10-year satellite deal has raised the total sold capacity of Jabiru-1 to  $US346 million.

Operating on advanced Ka, Ku and C bands, the hybrid satellite will serve various continents. The new contract will expand NewSat’s Ka-band and C-band market coverage across African, Asian and Middle Eastern regions.

The robust growth of the satellite broadband industry is a proof of the growing demand for Ka-band connectivity around the world. Allan Ballintine, the chief executive officer of NewSat, said that the delivery of wireless Internet and data transmission services via modern Ka-band and C-band technologies will give clients a competitive advantage.

NewSat, a  public trading company listed in the Australian Stock Exchange, hopes to fund 75% of the satellite project through credit lines from export banks. Thanks to 5% stock gains following the announcement of Lockheed Martin contract on December 8, NewSat will find it easier to obtain equity sources to complete the capital funds.

NewSat is close to selling out all the $575 million worth of transmission capacity of Jabiru-1. Prior to its recent contract, NewSat had secured $279 million contract sales from international  telecom providers and IT companies. 3A Technology, a data management systems integrator, signed a $134 million deal to buy the needed bandwidth to service its private and public clientele in Afghanistan and Pakistan. TrustComm, a broadband provider based in the U.S., promised to procure $105 million worth of satellite broadband capacity to be used in Iraq, Afghanistan and other regions in the Middle East. To boost its satellite broadband capacity in Africa and the Middle East, Quicklink Communications, a telecom and IT firm based in United Arab Emirates, signed a $40 million satellite transmission order. The firm will mainly use the added capacity to serve its government and enterprise customers in Iraq and Saudi Arabia.

The Jabiru fleet, to comprise 5 geostationary satellites, is the most ambitious satellite broadband project to be launched by an independent satellite communications provider in Australia. The first spacecraft will be a hybrid  Ka, Ku and C band satellite that will serve Australia, the Middle East, sections of Africa and South-East Asia. The succeeding satellites,  Jabiru 2, 3, 4 and 5,  will be separately positioned in geostationary orbits to provide global coverage. Although Jabiru-1 is mainly marketed as a high-speed solution to high bandwidth applications, it will also provide Ku and C band connectivity for government and enterprise applications.

Visit http://www.newsat.com for more details.

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Source:NewSat
Zip:3116
Location:South Melbourne - Victoria - Australia
Industry:Communications
Tags:Jabiru-1 satellite, c-band, ka band, satellite broadband
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