NewSat secures new Jabiru-1 satellite capacity contract

Contract is worth US$160 million over 15 years

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.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags NewSatjabiru-1

More about West

Show Comments