NewSat has announced progress on previously announced plans to raise almost $US400m in loan funding for its planned Jabiru-1 satellite, and revealed plans to raise $US200m in new equity to fully fund the project to completion.
Pre-launch contracts for the Jabiru satellite to be launched by Australian satellite company, NewSat, have rocketed upwards to US$571 million with today's signing of a new $13 million contract with a United States-based satellite communications company.
Australian-listed satellite company, NewSat, has signed a five year contract with the Cooperation Council for the Arab States of the Gulf company for the purchase of $US32.4 million of Jabiru satellite transmission capacity.
Thanks for this story, Peter. I'm surprised this announcement hasn't received more attention, given the exceptional value available from MVNOs.[…]
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