Iridium… Iridium NEXT Wherewithal… (Financing)
[SatNews] Ideas and plans are great, but there has to be capital behind such expenditures of energy to bring such to fruition.
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Avanti Communications… Financially Speaking Prepping For HYLAS 3
[SatNews] Avanti Communications Group plc (“Avanti” or the “Company”), the broadband satellite operator, is pleased to announce that it has completed a conditional placing (the “Placing”) of 16,279,070 new ordinary shares of 1p each in the capital of the Company (the “Placing Shares”) with existing and new institutional shareholders to raise a total of £70 million (before expenses).
Read MoreIridium Takes NEXT To Next Step — Secures Funding For 72+ Sats
[SatNews] Major announcement today as Iridium Communications Inc. (Nasdaq:IRDM) revealed its comprehensive plan for funding, building and deploying its next-generation satellite constellation, Iridium NEXT.
Read MoreSea Launch Files Plan of Reorganization
Sea Launch Company LLC, a leading provider of launch services to the commercial satellite industry, has filed a Plan of Reorganization (the “Plan”) with the U.S. Bankruptcy Court in Delaware, in preparation for its emergence from Chapter 11.
Read MoreAon… Risky — Now Protected — Business…
Aon's International Space Brokers, the largest specialist risk adviser in the sector, has announced the launch of Investment Protection Insurance, a game-changing policy for space investors.
Read MoreSea Launch… Financially Speaking…
SatNews has learned that Sea Launch has accepted the terms of agreement for debtor-in-possession (DIP) financing from Energia Overseas Limited (“EOL”).
Read MoreEuropean Space Agency… Funds Find AlphaSat
Europe will launch an innovative telecoms satellite in 2012 with as much as 225 million euro ( GBP 195 million ) in backing from the EU's Risk-sharing Finance Facility ( RSFF ), created by the European Commission and European Investment Bank.
Read MoreInmarsat… Funding Facilitated…
Inmarsat plc (LSE: ISAT) has completed an 8-year facility agreement from the European Investment Bank ("EIB") to fund the build and launch of the Alphasat satellite.
Read MoreYahsat… Insuring Success
Al Yah Satellite Communications Company PrJsc (Yahsat) has successfully secured the first ever Shariah compliant space insurance policy.
Read MoreAlanco + ORBCOMM… Sharing The Space
Alanco Technologies, Inc. and ORBCOMM Inc. have announced a major strategic investment by the latter, a global satellite data communications company focused on two-way Machine-to-Machine (M2M) communications and provider of space-based Automatic Identification System (AIS) services. ORBCOMM purchased 500,000 shares of Ala
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