NewSat and Measat received confirmation from the Malaysian...

NewSat and Measat received confirmation from the Malaysian Communications and Multimedia Commission to use the 91.5 degrees east orbital slot for NewSat’s Jabiru-1 satellite. Measat agreed to buy $197 million of capacity on the satellite over its 15-year life, NewSat said in a news release. As part of the transaction, NewSat agreed to locate the satellite in the 91.5 degrees east slot held by Measat, “providing coverage over both Measat’s and NewSat’s target markets,” NewSat said.