MELBOURNE : 14th February 2008 Remote Australians still wait for NewSat ABG decision NewSat Limited (ASX:NWT) announces that the company has not been advised about the outcome of its ABG licence application to the Commonwealth Government following its submission in September 2007 and the view from the relevant Department that a decision would be available in early October 2007.
NewSat has no reliable information available from the Department (now called Department of Broadband Communications and the Digital Economy) regarding the ABG licence application outcome or timeframe for that decision, so can not assist the market in its review of company operations in this respect.
NewSat will advise the market, both investor market and the remote Australian broadband target market, when the Department advises the company of the outcome of its deliberations.
Signed: Adrian Ballintine CEO
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