NewSat Scored Another Satellite Communications Capacity Deal

The agreement pertains to the acquisition of $US32.4 million of Jabiru satellite transmission capacity .
By: NewSat
 
March 18, 2012 - PRLog -- NewsSat has announced another pre-launch satellite contract with another Middle East company.  With the new $32 million contract, the satellite communication service provider now boasts of US$558 million worth of satellite capacity deals in the long-run. This new partnership with a GCC (the Cooperation Council for the Arab States of the Gulf) company will widen the companies' satellite coverage across the Gulf region and several parts of the Middle East.

The agreement pertains to the acquisition of $US32.4 million of Jabiru satellite transmission capacity . This will provide wireless communications coverage across the whole GCC region. NewSat refuses to disclose yet the details of the agreement, citing commercial and competitive reasons.

Adrian Ballintine, the chief executive officer and founder of NewSat, said that the Middle East market poses a strong and continuously increasing demand for satellite communications.  Several satellite communications providers are getting more Ka-band capacity to meet the rapidly growing demand for satellite transmission and broadcast services in regions where wireless communications infrastructures are not yet fully utilized.

During the recent years, NewSat has closed major satellite capacity deals and won  worldwide recognition for its state-of-the-art teleport facilities.  As the number of  pre-launch satellite contracts continues to grow, the CEO is optimistic that the Jabiru-1 satellite will make it into the orbit in 2014. Arianespace has been chosen to launch the first Jabiru satellite. On March 14, NewSat awarded the launch service contract to Arianespace. The contract updated their Dec. 2011 launch reservation agreement. Arianespace Chairman  Jean-Yves Le Gall and NewSat CEO  Adrian Ballintine signed the deal during the Satellite 2012 Conference in Washington, D.C. Jabiru 1 will take off at Guiana Space Centre, Europe's Spaceport  in French Guiana in the last quarter of 2014.

NewSat is counting on export credit debt financing to proceed with its plan for Jabiru-1. With eight premium orbital slots to use, NewSat looks forward to completing its first ever fleet which will consist of 5 satellites including the Ka-band Jabiru satellite.

Visit  http://www.newsat.com/About-Us/global-satellite-solutions... for more news on Jabiru project.
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