Bulgaria Sat Wins Newcomer Satellite Operator of the Year for 2017

Bulgaria Sat, Bulgaria's sole satellite operator and the country's innovator in space industry, was awarded "Newcomer Satellite Operator of the Year" for 2017 during the 14th Annual Awards for Excellence in Satellite Communications which took place as part of the Summit for Satellite Financing, the main event of the annual World Satellite Business Week 2017. The ceremony took place on September 13 in Paris, France.

"This award is a great honour for Bulgaria and Bulgaria Sat. We pioneered with BulgariaSat-1 project 10 years ago and today we are proud to step up as a part of the European satellite operators family. BulgariaSat-1 opens the path for the development of the Bulgarian space and satellite industry, expanding the nation's reach and reinforcing our position as a satellite operator in Central and Eastern Europe, fuelling our regional growth", said Maxim Zayakov, CEO of Bulgaria Sat.

The Annual Awards for Excellence in Satellite Communications recognized Bulgaria Sat and its management for their outstanding accomplishment in the satellite sector, praising the company's efforts and hard work that led to Bulgaria Sat's status as an active operator following the successful launch of BulgariaSat-1, the first Bulgarian geostationary communication satellite, in June 2017.

The award ceremony for the 14th Awards for Excellence in Satellite Communications took place during the official luncheon hosted by The Boeing Company at the Westin Hotel, Paris.

The winner in the category was chosen by a panel of industry experts from Euroconsult, SpaceNews, and SatelliteFinance who assess candidates using rigorous qualitative and quantitative criteria. A number of key performance indicators and strategic initiatives are taken into account as part of the evaluation process.

BulgariaSat-1 will provide direct-to-home television (DTH) and data communications services on the Balkans and other European regions. It is suitable for 4G LTE network at 1800 MHz. In addition to television and communication services, BulgariaSat-1 can be used in force majeure - accidents due to natural disasters - earthquakes, storms, floods when land-based networks are not working.

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Paris (SPX) Sep 15, 2017
According to the 24th edition of Euroconsult's report, Satellite Communications and Broadcasting Markets Survey, due to be published later in September, the FSS industry is in the midst of unprecedented change, with the dramatic downsizing of traditional pricing leading to decreasing revenues for many in the sector and the possibility of major restructuring or consolidation on the horizon. ... read more

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