Tracking NewSat's satellite ambitions

Australia's NewSat is set to play a key role in the Asian/Middle Eastern satellite communications industry, but it must first shore up its financing.

With so much gloom around, let's start the week with what is looming as a good news story. As the last American troops leave Iraq, Australia looks set to become a player in the Asian/Middle Eastern satellite communications industry – including providing satellite services to the new Iraq.

This new industry is being driven with old-fashioned Australian entrepreneurship by one of the few surviving companies from the 2000 dotcom boom, NewSat.

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