Australia’s troubled satellite company NewSat has completed its last orbit, finally crashing back to earth with the sale by receivers of its teleport and satellite services business assets to satellite service provider SpeedCast.
Adrian Ballantine’s dream – lately a nightmare – is over. The flamboyant entrepreneur has been shown the door at NewSat, the company he founded.
Just a few days ago NewSat’s future as Australia’s only satellite company seemed over after a bankruptcy court in the U.S. severed its contract with Lockheed Martin for the building of its Jabiru-1 communications satellite.
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