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US satellite imagery start-up OmniEarth has bought local geospatial solutions firm IRISmaps in a stock-for-stock deal as it looks to launch its first bird in 2016.
The acquisition comes shortly after the group raised US$1m in an angel funding round to help build out a US$250m constellation of 18 spacecraft. It is now embarking on a Series A round.
Arianespace has poached Thomas Hundt from Airbus to become its new CFO amid plans to consolidate Europe’s launch assets.
Hundt was previously a VP of financial control for the Earth observation, navigation and science satellite activities at Airbus, as well as a finance director for its Astrium Satellites unit.
Project finance advisory boutique Portland Advisers has expanded its team with the appointments of two new consultants, Christopher Green and Seb Bowden.
Green has over 13 years experience in project and export finance both in advisory and arranging roles in Asia Pacific. He joins Portland from HSBC where he was most recently regional head of export finance, Asia Pacific, covering a wide range of sectors including satellite, telecom, infrastructure and oil and gas.
Intelsat has secured a seven satellite package placement, one of the largest single insurance placements ever made. Aon acted as the company’s broker.
The satellite operator is understood to have added an additional satellite to its initial six satellite package plan. The total coverage is believed to be over US$2bn.
The European Bank for Reconstruction and Development (EBRD) has been steadily expanding its scope since it was set up in 1991 to initially focus on the countries of the former Eastern Bloc. In August the Bank revealed it was considering helping Bulgarian satellite TV broadcaster Bulsatcom raise €85m in debt to upgrade its terrestrial infrastructure. SatelliteFinance’s Jason Rainbow caught up with Izzet Guney, EBRD’s director for ICT, to find out what opportunities it could offer other satellite companies.
Jason Rainbow: Are you currently evaluating any other projects that are similar to Bulsat?
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