Space Business Review a Monthly Round-Up of Space Industry Developments for the Information of Our Clients and Friends
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Space Business Review A monthly round-up of space industry developments for the information of our clients and friends. July 2013 EUTELSAT ACQUIRES SATMEX JULY SATELLITE ORDERS On July 31, Eutelsat Communications S.A. June 28 – The Indian government announced (Eutelsat) announced an agreement to acquire that it has approved a proposal from the Indian CONTACTS: 100% of Satélites Mexicanos S.A. de C.V. for Space Research Organisation (ISRO) for the approximately $1.14b in cash, financed through a development of the GSAT-15 and GSAT-16 Dara A. Panahy 202-835-7521 dedicated bridge facility. The acquisition, which satellites, to be manufactured by ISRO and [email protected] is pending government approvals but is expected launched by a presently undesignated foreign to close by year’s end, advances Eutelsat’s global launch services provider for a total combined Bijan Ganji expansion strategy by establishing the company cost of roughly $289m. The satellites will provide 202-835-7543 as a major satellite operator in Latin America. additional Ku-band capacity for a variety of [email protected] satellite-based services, including DTH, and for ABERTIS TAKES CONTROL OF HISPASAT emergency and civil aviation applications. On July 25, Abertis Infraestructuras S.A. July 17 – Satélites Mexicanos S.A. de C.V. (Abertis) announced an agreement with Spain’s To learn about Milbank’s (Satmex) announced that it has exercised an Space Business Practice, or National Institute of Aerospace Technology option to procure a second satellite from Boeing view previous issues of the (INTA) for the acquisition of INTA’s 16.42% Satellite Systems International, Inc. under the Space Business Review, equity interest in Hispasat, S.A. for agreement it signed last year to purchase, please visit www.milbank.com. approximately $228.8m. The transaction, which between itself and Asia Broadcast Satellite remains subject to Spanish government Holdings Ltd. (ABS), a total of four 702SP The information contained approval, increases Abertis’ stake in Hispasat to satellites. Designated as Satmex 9, the satellite herein is provided for 57.05%. The balance of Hispasat’s equity is held will carry 48 Ku-band transponders and provide informational purposes only by Eutelsat S.A., with 33.69%, and two Spanish and should not be construed DTH and telecommunication services to users in as legal advice on any subject government institutions, with 9.26%. To date, Latin America from the 116.8°W orbital slot. matter. Recipients of this Abertis has made a total investment of roughly July 23 – Space Systems/Loral, LLC announced publication should not take or $630m for its controlling stake in Hispasat. that it has been selected by Intelsat S.A. to refrain from taking any action manufacture the Intelsat 34 satellite based on the based upon content included KYMETA $50M SERIES C FINANCING SSL 1300 platform. Scheduled for launch in herein. If you do not wish to On July 9, Kymeta Corporation (Kymeta) 2015, Intelsat 34 will replace the Intelsat 805 and receive this newsletter, please announced that it has closed a $50m Series C Galaxy 11 satellites at the 304.5°E orbital position send an e-mail to financing to fund its continued growth with and will provide C- and Ku-band capacity for [email protected] participation from existing stakeholders Bill media broadcasting in Latin America and with the word “unsubscribe” in Gates, Lux Capital Management LLC and Liberty the subject line. aeronautical applications in the North Atlantic. Global, Inc. and new investors Osage University ATTORNEY ADVERTISING. Partners and the Kresge Foundation. Kymeta is a JULY LAUNCH SERVICES Prior results do not guarantee manufacturer of satellite communications On July 25, Arianespace S.A. successfully similar results. antennas and is currently developing patented launched the Alphasat/I-4A F4 and INSAT 3-D metamaterials that will enable antenna beam satellites on an Ariane 5 launch vehicle. © 2013 - Milbank, Tweed, steering without any moving parts. Alphasat/I-4A F4, Europe’s largest ever Hadley & McCloy LLP. telecommunications satellite, is the product of a PHILLIP SPECTOR JOINS MILBANK PPP between Inmarsat plc and the European Milbank is pleased to announce that Phillip L. Space Agency. Based on the new Alphabus Spector has joined the Firm as Of Counsel, platform jointly developed by EADS Astrium and resident in the Washington, D.C. office. A widely Thales Alenia Space, Alphasat/I-4A F4 carries an recognized attorney and business executive in the L-band geo-mobile communications relay system satellite and telecommunications industries, Mr. and will provide voice and data transmission Spector most recently served as Executive Vice services across Europe, Africa and the Middle President, Business Development, and General East. INSAT 3-D was built by the Indian Space Counsel of Intelsat S.A., and before that was in Research Organisation based on the India I-2K private practice. He has extensive experience platform and carries a 6-channel imager, a 19- with strategic ventures, m&a, financings, channel sounder and a search and rescue procurements, government affairs and corporate transponder for observation of meteorological governance matters. trends and land, air and sea routes. Milbank.com .