NWT 0.00% 11.5¢ newsat limited

This article was in THE WEST AUSTRALIAN11 / 08 /2009Local...

  1. 125 Posts.
    lightbulb Created with Sketch. 8
    This article was in THE WEST AUSTRALIAN
    11 / 08 /2009


    Local satellite launch getting closer: NewSat
    VIVIENNE RYAN

    Perth company NewSat insists it is getting closer to realising its ambition to launch Australia's first non-government;, locally owned satellite.
    It says private investors have provided commitments for half of the $500 million project and the French Government has indicated it could pump in $250 million if the company hooked up with a French company for the launch. NewSat believes the Ka band, geostationary satellite could generate revenues of up to $2.5 billion over its 15-year life.
    "Everyone would be sceptical that a small company would have the 'oomph' to launch its own satellite," chief executive Adrian Ballintine said. "It is a big task. (But) we are very close on the road." NewSat operates communication services for the Government and private resource projects in Australia, Asia, the Middle East and Africa.
 
watchlist Created with Sketch. Add NWT (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.