NewSat Limited (ASX: NWT; OTC: NWTLY), Australia’s satellite company, announces today the signing of a three year satellite capacity contract with Quicklink Communications Limited. The commitment is for the purchase of US$40.2 million of transmission capacity on the Jabiru-1 satellite over three years. Quicklink Communications is a leading Middle Eastern telecommunications provider delivering enterprise-class services to governments and corporations across the Middle East, Africa and Asia.
The Jabiru-1 Ka-band satellite capacity purchased by Quicklink Communications will serve a range of high demand regions within the Middle East and Africa, including Iraq, Saudi Arabia, Yemen, Syria and Egypt.
In commenting on the multi-million dollar contract with Quicklink Communications, Mr Adrian Ballintine, NewSat Founder and CEO said: “Demand for satellite communications across the Middle East and Africa continues to grow exponentially. Quicklink Communications provides premium telecommunication services across these high demand regions and will use Jabiru-1’s high powered Ka-band capacity to unlock Internet, voice and data services that are unavailable today.”
“This US$40 million contract is another key step forward in the launch of Jabiru-1 and follows the recently signed 3A Technology US$134 million contract and TrustComm’s US$105 million contract. The three cornerstone contracts totaling US$279 million, will underpin the export credit agency backed debt financing, to build and launch the satellite. NewSat’s vision of becoming a global satellite operator is on the verge of being realized.”
In commenting on the multi-million dollar contract with NewSat, Mr Nadir Shah, Quicklink Communications CEO said: “Our commitment to NewSat for Ka-band capacity over a three year period will enable Quicklink Communications to continue its rapid growth and support emerging demand from neighboring regions. We are excited to be a cornerstone customer of Jabiru-1 and our government and enterprise customers will benefit greatly from Jabiru-1’s high intensity coverage. The network expansions from mobile operators, enterprise networks for governments and corporations and the demand for Internet are the growth markets throughout the Middle East and Africa and with the help of Jabiru-1, Quicklink Communications is set to capture them.”
