Arabsat awaits regulatory approval for its Hellassat buy

by | Feb 19, 2013 | Satellites | 0 comments

The pan-Arabic satellite operator Arabsat is awaiting regulatory approval for its planned purchase of the Greek satellite operator Hellassat from OTE which it announced on 7 February.  The purchase price was €208 million ($281 million).  Hellesat operates the Hellesat 2 communications satellite in geosyncronous orbit over 39 degrees East and plans to build a new satelltie called Hellassat 3. 

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