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Saturday, 18 April 2015 19:10

NewSat in administration after lenders call in their markers

Australia’s only would-be commercial satellite operator has hit the wall and been placed into administration after it was revealed that French Government-owned creditor COFACE has withdrawn a major portion of the funding for the US$650 million project to put the Jabiru-1 satellite into space.

Published in Listed Tech

Thursday, 09 April 2015 06:17

NewSat out of time and out of money

Troubled satellite company NewSat has released a long statement to the ASX that essentially says it is trying to raise more money and everything is on hold for now.

Published in C Level

Wednesday, 28 January 2015 07:05

NewSat defaults – share price even lower

Australian satellite company NewSat has issued an update to the ASX on its Jabiru-1 project financing and construction arrangements. The news is not good.

Published in Listed Tech

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Comments

Re: iTWire - US asks Australia to scrap news media code law

Frydenberg needs to start listening to people who know what they are talking about, not the rich mates who are[…]
Re: iTWire - Chilling news: Finder says 'one in three streamers experience buffering issues regularly'

Noise and latency. Wifi and wireless junk will do that.
Re: iTWire - US revokes some licences issued for sales to Huawei, to deny others

Maybe a Joe Biden administration will reverse some of these bans? As soon as later this week? Trump's bans could[…]
Re: iTWire - 50% of Australians now covered by Telstra 5G in 'major rollout milestone'

Yes they were busy implementing their hackable , interceptable high latency, packet dropping crap during the lockdowns. Which is no[…]
Re: iTWire - nbn claims '5G long-range transmission world record' for fixed wireless

This was expected outcomes. Stealing the backhaul for utter exploitable hackable crap purely designed for handshaking interception and spying. Actual[…]