Sat-Space Africa is the company’s first contracted wholesale customer for services from the 3 Diamonds and the Equatorial Constellation to be deployed rom 2018.
According to the UK-based Sky and Space Global (ASX:SAS), once its full Equatorial Constellation is deployed, potential revenues from customers via Sat-Space Africa will be between US$10 million to US$35 million annually.
Sat-Space Africa is the company’s first wholesale operator, with whom a Letter of Intent had previously been signed.
Sat-Space Africa is a Pan-African communications company that has existing operations and infrastructure in 27 African countries. Using fibre optic, satellites and wireless networks, the company is able to supply fast and dependable IP connectivity solutions.
And having secured new customers, SSA has forecast revenue of approximately US$500,000 per annum from the 3 Diamonds and there is potential for this to increase to up to US$35 million per annum once the company’s full equatorial constellation is launched from 2018, and fully operational by 2020.
According to Sky and Space, the commercial contract with SSA validates SSA’s nano-satellite technical capability as the testing phase continues and the 3 Diamonds continue to perform according to specification.
The company recently announced that the launch and early operations phase has been completed successfully and the 3 Diamonds will now commence the commercial operations testing phase.