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Latest SatelliteFinance Articles

  • 30 Jan 15

    Maritime-focused US-based satellite data start-up Spire has revealed plans to launch 20 nanosats before the end of the year to collect weather data.

    Spire said its launches were already arranged, although did not say how the satellites, which are the size of a shoebox, would be lofted into low-Earth orbit.

  • 30 Jan 15

    Nigeria’s minister of communications technology has confirmed that the country’s satellite operator NigComSat will be privatised by 2018.

    Dr Omobola Johnson said that before the company was privatised, she wanted a transitional phase to improve its revenues so it can become a more viable venture. Johnson said that the priority for NigComSat in the first quarter of 2015 was to lease its 8 Ka-band transponders to business customers.

  • 30 Jan 15

    The US has raised a record US$44.9bn from its AWS-3 spectrum auction after 341 rounds of bidding in about two and a half months.

    The final price roughly doubles analyst expectations, with the auction smashing through its US$10.1bn reserve in the first week of bidding back in November.

  • 29 Jan 15

    Italian aerospace and defence group Finmeccanica is looking for a partner for its US unit DRS Technologies as part of a new multi-year strategy to streamline operations.

    The state-owned group was also cited telling a business presentation yesterday that it would exit parts of DRS that have combined sales of €200m (US$225m).

  • 27 Jan 15

    The shareholders of both Orbital Sciences and Alliant Techsystems have approved the planned US$5bn merger.

    ATK and Orbital held separate, special stockholder meetings on 27 January in conjunction with the proposed transaction. Approximately 97% of the 77% of ATK shareholders who voted and 99% of the 85% of Orbital shareholders who voted approved the deal.