Australian satellite company NewSat has finalised an agreement with Malaysian satellite operator Measat to acquire satellite capacity on the Jabiru-2 satellite in a deal that is expected to generate $110m in revenue over the 15-year life of the satellite.
The agreement renews the earlier contract signed in November 2010 with final technical and performance specifications.
Under the final agreement, Measat will provide NewSat with multiple transponders covering Papua New Guinea, Timor Leste, and regions in and around Australia including Pilbara, Kimberly, North West Shelf, and Timor Gap during its service life.
NewSat founder and CEO, Adrian Ballintine, said: "This agreement further solidifies our relationship with MEASAT, Asia’s major satellite operator."
Ballintine continued: "MEASAT has secured US$180 million of capacity on our Jabiru-1 satellite and now we have secured strategic capacity on their satellite, along with Jabiru-2 naming rights."
Jabiru-2 satellite is planned to be launched in 2013 to offer Ku-band capacity to oil, gas, mining customers with business-grade Internet, voice, data and video communication services, influencing NewSat’s unique-to-Australia Teleport infrastructure in Perth and Adelaide.
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By GlobalDataBallintine said: "The Jabiru Satellite Programme continues its forward momentum. The Jabiru-1 satellite construction is progressing well with Lockheed Martin and on target to launch in 2014 with Arianespace."
