Satellites

Alcatel Spacecom, Arianespace buy 13 % stake in Agrani for $ 20 m

http://www.indiantelevision.com/sites/default/files/styles/smartcrop_800x800/public/images/satellites-images/2015/10/28/logo.jpg?itok=0mikUgHE

International satellite major Alcatel Spacecom and the European rocket launch agency Arianespace have cleared the decks to buy into the Subhash Chandra-promoted Agrani Satellite Services Ltd (ASSL).

It is understood from FIPB (Foreign Investment Promotional Board) sources that Alcatel Spacecom and Arianespace have made individual submissions to the board for their investments in ASSL to the tune of $15 million (9.75 per cent) and $ 5 million (3.25 per cent) respectively for a combined 13 per cent stake in the Rs 1,1500-million satellite project.

The submissions were made yesterday. These individual submissions are under the overall umbrella of up to 74 per cent FDI (foreign direct investment) approved by FIPB on 3rd October. This follows the clearance given on 21 September by the cabinet committee for economic affairs, Ministry of Commerce and Industry, for the proposed investment.

Meanwhile, ASSL is reportedly in talks with a global satellite major for an alliance involving technical, commercial and operational cooperation and a minimum investment of 26 per cent in the company.

ASSL is raising funds for the project at a 1.5:1 (Rs 6900 million: Rs 4600 million) debt equity ratio. Chandra has committed to underwriting the Rs 4600 million if the amount cannot be raised through other sources, as well as expenditures already incurred.

As of now the lead financier for the project from India is the Industrial Development Bank of India (IDBI), which has sanctioned Rs 3,000 million. The Life Insurance Corporation (LIC) has cleared another Rs 750 million for the project.



With this latest infusion, ASSL expects to close debt financing of the project by end-October or early-November.

Alcatel is supplying the satellite which will be delivered 19 months after financial closure. The satellite, with a life-span of 14 years, has 24 ?C? band and 14 ?ku? band transponders. The promoters expect the project to be cash positive at the start of the second year of operations.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/12/05/gsat.jpg?itok=6b6G9Ged
Gsat-11, India's heaviest comms satellite, launched

Indian Space Research Organisation (ISRO)’s heaviest and most-advanced high throughput communication satellite GSAT- 11 was successfully launched from the Spaceport in French Guiana during the early hours of today.

Satellites Satellite Launches
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/11/14/sate.jpg?itok=pBVqCVuv
GSat29, India’s communication satellite, launched

Precisely at 5.08 p.m. Wednesday the GSLV-Mk III rocket on its second developmental flight began its ascent with a strong deep growl that reverberated like a thunder roll breaking free from the second launch pad at the Satish Dhawan Space Centre (SDSC) in Sriharikota carrying communications...

Satellites Satellite Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/18/ISRO_Satellites.jpg?itok=4djXVfGi
ISRO to launch 3 satellites for high-speed bandwidth connectivity

To provide high-speed bandwidth connectivity to rural areas, the Indian Space Research Organisation (ISRO) will launch three more satellites as a part of the government’s digital India programme, according to a report by the Press Trust of India.

Satellites Satellite Launches
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/09/05/Forsway.jpg?itok=ERWVhtH9
Satellite services provider Digisat Media upgrades to Forsway Odin F-50 hybrid router

Forsway, a global specialist of innovative solutions for combining satellite with existing terrestrial technologies to provide broadband to underserved regions, announced that it has delivered its innovative Odin F-50 hybrid satellite router to Digisat Media, furthering its partnership with the...

Satellites Satellite Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/08/06/telesat.jpg?itok=Gn6wD0pa
Telesat Successfully Launches Telstar 19 VANTAGE Bringing New High Throughput Ku and Ka-band Capacity across the Americas and Atlantic

Telesat announced today the successful launch of its new Telstar 19 VANTAGE high throughput satellite (HTS) aboard a SpaceX Falcon 9 rocket.

Satellites Satellite Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/26/isro.jpg?itok=SfJKXnSZ
ISRO gives nod to 27 satellites for future DTH, science demands

Indian Space Research Organisation (ISRO) has allowed three industries (two private and one government-run firm) to build 27 satellites in the next three years. 

Satellites Satellite Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/02/sa.jpg?itok=kWdvylEt
Launch of SES-12 to assist Digital India vision

The successful launch of SES-12, which provides coverage over Asia will assist the acceleration of the country?s push towards a digital India and financial inclusion initiatives, according to a leading satellite industry expert as per a report by the Press Trust of India from London.

Satellites Satellite Launches
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/02/sate.jpg?itok=6wo1eFzy
MEASAT adds 3 channels from South Asia

MEASAT satellite systems, on 2 July, expanded its video region in South Asia with the distribution of News24, Sagarmatha TV and Prime TV. The satellite system is a premium supplier of communication and video services to leading broadcasters, direct-to-home (DTH) platforms and telecom operators.

Satellites Satellite Operators
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2018/07/02/mage.jpg?itok=8gzVmf9K
MEASAT to display Next Generation Compression for UHD channels distribution

MEASAT Global Berhad (?MEASAT?) announced today a showcase in collaboration with NovelSat and V-Nova to demonstrate cutting-edge compression for Ultra High Definition (UHD) primary distribution over satellite.

Satellites Satellite Operators

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories