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NewSat, MEASAT Update Satellite Communications Deal for Jabiru 2
NewSat has included the final technical and performance specifications in its 2010 deal with satellite communications provider MEASAT.
It was in November 2010 when NewSat signed MEASAT for a satellite capacity agreement involving Jabiru 2. NewSat didn't reveal it's MEASAT. In its 2010 press release announcing the deal, NewSat said that the satellite broadband service will cover Australia and Asia-Pacific areas like Papua New Guinea and Timor Lester. On Feb. 2012, NewSat confirmed that the deal has been updated to include technical specifications.
The recent deal with MEASAT will provide multiple transponders aimed at high-demand regions in Asia and Australia like Kimberly and North West Shelf. In early February, NewSat also disclosed that its Jabiru-1 contract with MEASAT was worth $US180 million, though it refused to cite the financial terms of the second deal.
NewSat's stock has been faring well recently due the series of pre-launch deals with various telecommunications and satellite service providers. The company is confident of fulfilling the financial requirements for its first independently owned satellite. NewSat CEO and founder Adrian Ballintine said the company is well capable of supporting future projects with the combined market value of MEASAT and 3A Technology contracts. Pakistan-based 3A Technology signed a 10-year $134 million deal with NewSat last year.
For more information about the Jabiru satellite fleet, visit http://www.newsat.com/
Page Updated Last on: Feb 20, 2012