Commenting on the multi-million dollar contract with MEASAT, NewSat Founder and CEO, Adrian Ballintine, said the agreement would be finalised over the next two weeks with the completion of the Jabiru-1 technical specifications and the execution of a lease agreement with MEASAT to secure capacity for the Jabiru-2 satellite.
Ballantine said MEASAT is the leading Asian satellite operator, with capacity across five communication satellites, and over 15 years of experience providing satellite communication services to the region's international broadcasters, DTH platforms and telecom operators.
'NewSat is delighted to welcome MEASAT on board the Jabiru-1 satellite. The decision by MEASAT to take capacity on Jabiru-1 is strategically important to NewSat because of MEASAT's status as a successful player in the satellite industry in our region. We are very pleased to be working with MEASAT in bringing this strategic capability to Asia to assist their customers with expansion and protection of their existing services.'
According to Ballantine, the US$180 million contract is an important step forward in the launch of the company's Jabiru-1 next generation satellite and follows a number of recently signed large contracts for capacity on the satellite. 'NewSat has now assembled cornerstone contracts totalling US$526 million to underpin the export credit agency backed debt financing, to build and launch the satellite, further reinforcing NewSat's vision of becoming a satellite operator.'