LeoSat says Spanish satellite operator Hispasat has matched Sky Perfect Jsat’s investment in its low Earth orbit broadband constellation, bringing the company closer to completing its $100 million Series A.
WASHINGTON — French fleet operator Eutelsat finished a lengthy 302 million euro ($372.9 million) sale of its stake in Spanish fleet operator Hispasat after gaining long-awaited approval from Spain’s government.
SpaceX launched its 50th Falcon 9 rocket on March 6, carrying a large telecom satellite for Spanish fleet operator Hispasat.
Abertis, a Spanish firm best known for managing toll roads in Europe and South America, is awaiting government approval to expand its ownership in Hispasat of by buying Eutelsat’s 33.7 percent stake in the Madrid-based satellite fleet operator.
A satellite that Spanish fleet operator Hispasat ordered in December 2014 largely to replace two Orbital ATK spacecraft has arrived at the Baikonur Cosmodrome in Kazakhstan for a Proton launch in September.
European launch provider Arianespace completed its first launch of the year Jan. 27, orbiting the first SmallGEO satellite for Spanish satellite operator Hispasat.
Spacecraft builder OHB System AG says it is taking steps to rein in the production time for its SmallGEO line of satellites to around three years instead of the seven years or longer the first batches have taken.
Satellite fleet operator Eutelsat on July 29 sought to reassure investors that the bad news it delivered in May was a fair assessment of its markets’ short-term contraction, mid-term stability and longer-term growth and not the beginning of a long downward spiral.
Satellite and rocket-component builder OHB SE fell short of its revenue target for 2015 because of delays in two telecommunications satellites for which it is prime contractor, the company said March 17.
Satellite fleet operator Eutelsat on Feb. 17 said its decision to sell 50 percent of its consumer satellite broadband business to ViaSat Inc. is not a retreat but an acknowledgement that ViaSat, through its U.S. satellite broadband business, has developed skills that Eutelsat does not have six years after debuting its own consumer broadband service.
To keep up with growing demand, Hispasat plans to expand its fleet of seven satellites now in orbit to 10 in 2017.
Telesat of Canada, Hispasat of Spain and YahSat of the United Arab Emirates on May 26 were the high bidders at a Brazil auction of satellite orbital slots and associated frequencies, winning four licenses at three orbital slots, according to Brazil’s telecommunications regulator, Anatel.