Communications minister Stephen Conroy is expected to announce today that US satellite manufacture Space Systems/Loral has been awarded a contract worth about $600m for two geostationary satellites to deliver NBN services to about three percent of homes beyond the economic reach of wireless or fibre services.
Australian-listed satellite company, NewSat (ASX:NWT) has signed a new strategic satellite capacity contract with Asia's Malaysian-based MEASAT Satellite Systems, which boosts the total value of all contracts NewSat has secured for its next-generation Jabiru-1 satellite to US$526 million.
Satellite service provider NewSat (ASX: NWT) is seeking $26m from its shareholders to help fund the construction and launch of its Jabiru-1 satellite planned for launch in 2014.
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