Intelsat S.A., the world’s leading provider of fixed satellite services, announced today that the launch of Intelsat New Dawn has been rescheduled to Friday, April 22 at 5:37 p.m. (EDT). The satellite, loaded on an Ariane 5 rocket, will be launched from the Spaceport in Kourou, French Guiana.
The launch was initially scheduled to occur on March 30, but was delayed when an abnormal launch vehicle parameter was detected during the automated checkout procedure after startup of the Ariane 5’s cryogenic main engine. The launcher is currently in the Spaceport’s Final Assembly Building being prepared for its mission.
Operating from a geostationary orbital slot at 32.8o East, Intelsat New Dawn will serve Africa through a payload optimized to deliver new capacity for wireless backhaul, fixed line and wireless infrastructure, broadband and media-the fastest growing satellite-based applications in Africa. The satellite’s 28 C-band and 24 Ku-band 36 MHz transponder units are designed specifically to supply critical communications infrastructure for African customers who have experienced exceptional growth along with the development of the region.
Intelsat New Dawn was created through a unique joint venture between Intelsat and a South African investor group, led by Convergence Partners, with debt funding from leading African banking institutions such as Nedbank. It’s the first African private sector communications satellite – a satellite for Africa, by Africa.
About Intelsat New Dawn
Initially announced in December 2008, the US$250 million project is funded approximately 15% with equity and 85% with debt. African institutions are providing approximately 90% of the total financing required for the joint venture and Intelsat will contribute the balance. Nedbank Capital, part of the Nedbank Group (one of South Africa’s largest banking groups) and a leading telecom project financier in South Africa, has arranged the non-recourse debt financing. A consortium of lenders including Nedbank, the Industrial Development Corporation of South Africa and the African Development Bank will provide the debt funding. The equity is provided by Intelsat (74.9%) and the Convergence Partners-led group (25.1%), which also includes Altirah Telecoms and the not-for-profit Convergence Partners Foundation.
About Intelsat:
Intelsat is the leading provider of fixed satellite services worldwide. For over 45 years, Intelsat has been delivering information and entertainment for many of the world’s leading media and network companies, multinational corporations, Internet Service Providers and governmental agencies. Intelsat’s satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video, data and voice services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and broadband access, with Intelsat, advanced communications anywhere in the world are closer, by far. For more information, visit www.intelsat.com.
Intelsat Safe Harbor Statement
Some of the statements in this news release constitute “forward-looking statements” that do not directly or exclusively relate to historical facts. The forward-looking statements made in this release, reflect Intelsat’s intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, including known and unknown risks. Detailed information about some of the known risks is included in Intelsat’s annual report on Form 10-K for the year ended 31 December 2010, registration statement on Form S-1, and Intelsat’s other periodic reports filed with the U.S. Securities and Exchange Commission. Because actual results could differ materially from Intelsat’s intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements contained in this news release with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact:
Intelsat
Dianne VanBeber
Vice President, Investor Relations and Communications
+1 202-627-5100
dianne.vanbeber@intelsat.com
