Tech content trusted by users in North America and around the world
6,729 Reviews & Articles | 46,216 News Posts

US firm Space Systems/Loral wins NBN contract worth $620 million

NBN contract worth $620 million goes to US-based Space Systems/Loral
| BREAKING STORY News | Posted: Feb 8, 2012 1:25 am

US-based Space Systems/Loral has won a $620 million contract that involves two satellites which will provide high-speed broadband to areas in remote Australia. The announcement was made just moments ago in Canberra by Prime Minister Julia Gillard, and Communications Minister Stephen Conroy, as well as NBN Co chief Mike Quigley.




Loral Space and Communications, a California-based group, will launch two satellites which will provide the high-speed Internet by 2015 under the national broadband network (NBN). If you didn't already know, the NBN Co is the federal government-owned enterprise who is in charge of rolling out fibre optic cable broadband to 93-percent of Australia's 13 million homes, schools and businesses by 2021.


If the fibre optic network is not available to you, the fixed wireless technology and satellite technology will be used to 4-percent of premises, and 3-percent of the remaining premises, respectively. Stephen Conroy said in a statement:


This will ensure high speed broadband is delivered to Australia's remotest towns, such as Calvert in the Northern Territory and Bandya in Western Australia.


Related Tags

Got an opinion on this news? Post a comment below!
Subscribe to our Newsletter

Latest News Posts

View More News Posts

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases