Malaysia To Buy US-Made Satellite With Financing From Ex-Im Bank

SPACEMART

MEASAT's C Band beam coverage.

Washington DC (SPX) Nov 30, 2004
The Export-Import Bank of the United States (Ex-Im Bank) approved a $138 million long-term loan guarantee to help Binariang Satellite Systems Sdn Bhd of Kuala Lumpur, Malaysia, a unit of MEASAT Global Berhad, purchase a telecommunications and broadcasting satellite from Boeing Satellite Systems Inc. of El Segundo, California, and a number of U.S. suppliers.

The Ex-Im Bank guarantee will support a 48-transponder satellite that will be placed in orbit next year. It will also enable MEASAT to purchase launch insurance using the insurance broking services of Willis Inspace of Bethesda, Maryland. A commercial bank syndicate led by Standard Chartered Bank of New York is providing the loan.

"Technology is a driving force of the U.S. economy, and high-tech U.S. exports such as this are second to none," Ex-Im Bank Chairman Philip Merrill said. "Ex-Im Bank is committed to supporting U.S. jobs through exports while helping Malaysia upgrade its telecommunications infrastructure."

MEASAT Global Bhd. is an established supplier of premium satellite communication services to Asia's leading broadcasters, telecommunications providers and "Direct to Home" (DTH) operators.

Ex-Im Bank, the official U.S. export credit agency, has approximately $1.4 billion in financial exposure in Malaysia.

This year, the Bank marks its 71st year of helping finance the sale of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export credit insurance, and direct loans.

In fiscal year 2003, the Bank authorized financing to support more than $14 billion of U.S. exports worldwide.

SPACEMART

UAE's Thuraya Launches Maritime Telephone Service

Dubai, UAE (SPX) Nov 29, 2004
Thuraya Satellite Telecommunications of the United Arab Emirates (UAE) announced Sunday the launch of a new maritime satellite telephone service. The new service will include voice, data, fax and Internet.

Thanks for being here; We need your help. The SpaceDaily news network continues to grow but revenues have never been harder to maintain. With the rise of Ad Blockers, and Facebook - our traditional revenue sources via quality network advertising continues to decline. And unlike so many other news sites, we don't have a paywall - with those annoying usernames and passwords. Our news coverage takes time and effort to publish 365 days a year. If you find our news sites informative and useful then please consider becoming a regular supporter or for now make a one off contribution.
SpaceDaily Contributor $5 Billed Once credit card or paypal		SpaceDaily Monthly Supporter $5 Billed Monthly paypal only

The content herein, unless otherwise known to be public domain, are Copyright 1995-2016 - Space Media Network. All websites are published in Australia and are solely subject to Australian law and governed by Fair Use principals for news reporting and research purposes. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA news reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement, agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement All images and articles appearing on Space Media Network have been edited or digitally altered in some way. Any requests to remove copyright material will be acted upon in a timely and appropriate manner. Any attempt to extort money from Space Media Network will be ignored and reported to Australian Law Enforcement Agencies as a potential case of financial fraud involving the use of a telephonic carriage device or postal service.