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September 22, 2009 (FinancialWire) -- Telesat, the world's fourth largest fixed satellite services operator, has completed agreements for new satellite capacity with two of its key customers, Bell TV and EchoStar Corp. (NASDAQ: SATS).
Bell TV, the provider of direct-to-home services in Canada, has agreed to utilize a new Telesat direct broadcast satellite which is planned for construction beginning in the first quarter of 2010. The new satellite will augment Bell TV's capacity and capabilities at its prime orbital locations of 82 and 91 degrees West. EchoStar, which had previously contracted for half the capacity of Telesat's new Nimiq 5 satellite, has now committed to use the entire available Nimiq 5 payload for the anticipated 15-year life of the satellite.
Nimiq 5 is scheduled for launch on a Proton rocket September 18th from the Baikonur Cosmodrome in Kazakhstan (September 17th in Ottawa) and is intended to operate in geostationary orbit from 72.7 degrees West. EchoStar expects to provide capacity from Nimiq 5, which has 32 high-powered Ku-band transponders, to its customer, DISH Network L.L.C., a wholly owned subsidiary of DISH Network Corp., for the delivery of direct-to-home television services.
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Free annual reports for companies mentioned in the news are available through the Free Annual Reports Service (http://investrend.ar.wilink.com/?level=279).
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