TweakTown
Tech content trusted by users in North America and around the world
5,669 Reviews & Articles | 36,039 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.

 

TweakTown image news/2/2/22565_03_us_firm_space_systems_loral_wins_nbn_contract_worth_620_million.jpg

 

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.

NEWS SOURCE
News.com.au

Related Tags

Further Reading: Read and find more BREAKING STORY news at our BREAKING STORY news index page.

Do you get our news RSS feed? Get It!

Post a Comment about this news

Latest Tech News Posts

View More News Posts

Latest Downloads

View More Latest Downloads

TweakTown Web Poll

Question: Did EA kill the Battlefield franchise with the terrible BF4 issues?

Yes, Battlefield is doomed

No, Battlefield will live on strong

I'm not sure, but I know EA needs to improve its game

or View the Results

View More Polls

Forum Activity

View More Forum Posts

Press Releases

View More Press Releases
Get TweakTown updates via Facebook!
Just click the "Like" button below