Global satellite telecommunications service provider SpeedCast has won a multi-year, multi-million dollar contract to deliver services in over 20 countries to a global oil and gas service company.

The nails continue to be hammered into NewSat’s coffin. Another asset, its launch spot with Arianespace, is gone.

Hong Kong based satellite telecommunications provider SpeedCast is acquiring European maritime communications service provider SAIT Communications.

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.

Australia’s homegrown satellite company NewSat has finally crashed to earth and disintegrated with a bankruptcy judge in the U.S. severing its contract with Lockheed Martin who is building its Jabiru-1 satellite.

Australia’s only would-be commercial satellite operator has hit the wall and been placed into administration after it was revealed that French Government-owned creditor COFACE has withdrawn a major portion of the funding for the US$650 million project to put the Jabiru-1 satellite into space.

Troubled satellite company NewSat has released a long statement to the ASX that essentially says it is trying to raise more money and everything is on hold for now.

The fate of listed Australian satellite company NewSat is in the balance. It shares have been suspended from the ASX as it seeks finance for its Jabiru-1 satellite.

Australian satellite company NewSat has issued an update to the ASX on its Jabiru-1 project financing and construction arrangements. The news is not good.

In the wake of a plummeting share price, NewSat has released a detailed statement outlining its position. It needs another $37.2 million to get Jabiru-1 off the ground.

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.

NewSat has announced progress on previously announced plans to raise almost $US400m in loan funding for its planned Jabiru-1 satellite, and revealed plans to raise $US200m in new equity to fully fund the project to completion.

Pre-launch contracts for the Jabiru satellite to be launched by Australian satellite company, NewSat, have rocketed upwards to US$571 million with today's signing of a new $13 million contract with a United States-based satellite communications company.

Australian-listed satellite company, NewSat, has signed a five year contract with the Cooperation Council for the Arab States of the Gulf company for the purchase of $US32.4 million of Jabiru satellite transmission capacity.

Satellite service provider NewSat (ASX: NWT) has finalised an agreement with Arianespace for the launch of its planned Jabiru-1 satellite.

Satellite company NewSat (ASX: NWT) says it has entered into an agreement with AP Kypros Satellite for an additional orbital slot and expanded frequencies in existing slots, subject to regulatory approval.