NewSat Poised to Expand Mobile Backhaul and Satellite Coverage in Middle East
NewSat Ltd. of Australia confirmed its deal with a South Asian satellite reseller for the acquisition of US$30.29 million worth of satellite transmission capacity. The deal has increased the pre-launch contracts for Jabiru to $601 million value. The Ka-band service will be aimed at the Afghanistan market.
According to NewSat, payment will be in full, likely to be settled by the end of this June. Lockheed Martin of the US is in-charge of building the satellite, which is now in its sixth month of production. NewSat expects to launch Jabiru in 2014 via Arianespace. “Export credit debt funding continues to progress extremely well,” said Adrian Ballintine, chief executive officer of NewSat.