Australian company NewSat has signed a 15-year contract with a telecommunications company in South West Asia for capacity on the Jabiru-1 satellite, which is due to be launched next year. The contract is worth US$160 million.
The teleco company, which NewSat didn’t to name due to “commercial and competitive reasons”, will use use the Ka-band capacity to provide mobile and network services across Pakistan, Afghanistan and the Middle East.
The contract replaces a mutually terminated contract worth US$134 million that was announced in August 2011. NewSat CEO Adrian Ballintine said this new contract will provide “greater confidence and security” for customers across the regions.
“The Jabiru-1 satellite continues to progress towards launch in 2015. Binding pre-launch contracts for this satellite now total US$644 million,” he said in an ASX statement.