NewSat to Finalize Pre-Lauch Satellite Contract With MEASAT
NewSat is about to finalize a satellite capacity agreement with Asian satellite operator MEASAT Satellite Systems.
- (1888PressRelease) February 03, 2012 - NewSat is set to execute its satellite capacity deal with MEASAT Satellite Systems Sdn. Bhd. (MEASAT). The Australian satellite provider will provide transponder capacity to MEASAT on the upcoming Jabiru‐1 Ka-band satellite. The first satellite to be owned and operated by wholly owned Australian firm, Jabiru 1 will carry multiple transponders which will cover MEASAT's markets across South and South East Asia.
The US$180 million deal will be finalized over the next two weeks. NewSat is yet to complete the technical specifications and execute the lease agreement for MEASAT's capacity on Jabiru.
The contract sets a minimum satellite capacity of US$180 million for MEASAT. One of the major satellite operators in Asia, MEASAT has 15 years of experience in the business, serving various international broadcasters, DTH providers and telecommunications carriers. The additional capacity from Jabiru will support backup service for MEASAT's well established clientele.
Last month, MEASAT closed a separate satellite capacity contract with SkyVision Global Networks Ltd. MEASAT's AFRICASAT-1 satellite will support the ISP infrastructures of SkyVision across the African region.