Newsat Boosts Jabiru Pre‐Launch Contracts To $526 Million With Measat Commitment

3 Feb 2012

NewSat Limited announces the execution of a strategic satellite capacity contract with MEASAT Satellite Systems Sdn. Bhd. (MEASAT). The core agreement for capacity on the Jabiru‐1 satellite is for a minimum of US$180 million. The contract provides MEASAT with multiple transponders covering South Asia and South East Asia for the 15 year life of the Jabiru‐1 satellite. The agreement will be finalised over the next two weeks with the completion of the Jabiru‐1 technical specifications and the execution of a lease agreement with MEASAT to secure capacity for the Jabiru‐2 satellite.

MEASAT, with capacity across five communication satellites has over fifteen years of experience providing satellite communication services to the region’s international broadcasters, DTH platforms and telecom operators. The capacity leased on Jabiru‐1 will provide back‐up services to its well established customer base.