Article: south Africa: Intelsat to launch $250 mln satellite for Africa.

Byline: sanjayc03

Private-fund owned satellite firm Intelsat and a South African investment consortium plan to build and launch a $250 million satellite to serve Africa and improve communications on the poorest continent.

Intelsat and an investment group led by Convergence Partners said in a statement on Tuesday that the "Intelsat New Dawn" satellite was expected to enter service in early 2011 and would be funded by project financing.

Demand for fixed satellite services in Africa is growing given increased investment on the continent and as more people get hooked up to phones, the Internet and pay-TV. Poor communications are cited as a ...

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