{"id":85442,"date":"2011-02-03T01:27:09","date_gmt":"2011-02-02T17:27:09","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/newsat-ceo-hints-at-future-satellites-after-orbital-slot-acquisition\/"},"modified":"2011-02-03T01:27:09","modified_gmt":"2011-02-02T17:27:09","slug":"newsat-ceo-hints-at-future-satellites-after-orbital-slot-acquisition","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/newsat-ceo-hints-at-future-satellites-after-orbital-slot-acquisition\/","title":{"rendered":"NewSat CEO Hints at Future Satellites After Orbital Slot Acquisition"},"content":{"rendered":"<p>[02-02-11] <strong>NewSat<\/strong> acquired seven orbital slots and a range of frequency assignments for accommodating satellites from <strong>AP Kypros Satellites<\/strong>, NewSat announced Feb. 1. <br \/>\n&nbsp;&nbsp;&nbsp; The acquisition agreement gives NewSat exclusive use of one of the slots and half of the frequencies of another two slots, with options for the other four slots. NewSat will pay for the acquisition in five cash installments, with a sixth and final installment of ordinary shares due Dec. 1. <br \/>\n&nbsp;&nbsp;&nbsp; NewSat said the orbital slots, which cover all continents, are crucial for the company\u2019s strategy on expanding into growth markets. The slots will be used to accommodate a fleet of Jabiru satellites, providing telecommunication services in C-, Ku- and Ka-band spectrum.<br \/>\n&nbsp;&nbsp;&nbsp; \u201cThe slots are extremely valuable assets with senior filing status, outstanding geographic footprint and certainly enough capacity to see NewSat\u2019s long-term future assured. We are now in a position to launch multiple satellites, each of which could generate in excess of $100 million of EBITDA per year,\u201d NewSat CEO Adrian Ballintine said in a statement.<br \/>\n&nbsp;&nbsp;&nbsp; Ballintine also said that NewSat has made significant progress on the Jabiru satellite project and has entered into a number of agreements to sell capacity, which will be announced soon, along with progress on funding for Jabiru-1 and plans for more satellites beyond Jabiru-2.<br \/>\n&nbsp;&nbsp; Financial details of the acquisition agreement were not disclosed as the deal still has to clear regulatory processes.<\/p>\n<h2>\nRelated Stories-<\/h2>\n<p>\n<b class=\"titlelink\">NewSat Grabs $2.8 Million in Australian Enterprise, Government Deals<\/b>&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tJanuary 18, 2011<br \/>\n[01-18-11] Independent  satellite company NewSat signed $2.8 million in new contract wins,  including a $2 million contract with Nixon Communications to provide  services to the natural gas pipeline being built between Chinchilla  and\u2026<\/p>\n<p><b class=\"titlelink\">Inmarsat Takes Second Shot at Vietnam BGAN Market<\/b>&nbsp;<img loading=\"lazy\" decoding=\"async\" align=\"top\" width=\"14\" height=\"14\" src=\"..\/..\/..\/..\/images\/ico_bluekey.gif\" alt=\"\">&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tDecember 1, 2010<br \/>\n[12-01-10] Inmarsat  has launched its handheld service, as well as the 176kbps streaming-rate  BGAN service in Vietnam, the company announced Nov. 30. Inmarsat  Director of Land Business told Satellite TODAY Insider that\u2026<\/p>\n<p><b class=\"titlelink\">NewSat CEO Unveils Jabiru-2; Projects Jabiru-1 to Earn More Than $1.5 Billion<\/b>&nbsp;<img loading=\"lazy\" decoding=\"async\" align=\"top\" width=\"14\" height=\"14\" src=\"..\/..\/..\/..\/images\/ico_bluekey.gif\" alt=\"\">&nbsp;&nbsp; \t\t\tSatellite Today&nbsp;&nbsp; \t\t\tNovember 29, 2010<br \/>\n[11-29-10] Australian  satellite communications provider NewSat will launch a second satellite,  Jabiru-2, in early 2013 and provide 216 megahertz of Ku-band capacity  over Australian territories PNG and Timor Leste, NewSat\u2026<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[02-02-11] NewSat acquired seven orbital slots and a range of frequency assignments for accommodating satellites from AP Kypros Satellites, NewSat announced Feb. 1. &nbsp;&nbsp;&nbsp; The acquisition agreement gives NewSat exclusive use of one of the slots and half of the frequencies of another two slots, with options for the other four slots. NewSat will pay [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-85442","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85442"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=85442"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/85442\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=85442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=85442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=85442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}