Listed Australian satellite operator NewSat has lost nearly half its market capitalisation in less than a week, as investors unload on its shares.
Since SingTel announced a ‘review’ of its Optus satellite operation in March, a number of potential buyers have emerged. Now NewSat has thrown its hat in the ring.
Australian satellite service provider and would-be satellite operator, NewSat (ASX: NWT) has finally secured the funding needed to commit to the launch of its long-planned Jabiru-1 satellite.
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