Sri Lanka has entered into a partnership agreement with a private enterprise to launch its first ever communication satellite.
SupremeSAT (Pvt) Ltd. has signed an investment agreement with the Sri Lanka Board of Investment (BOI) yesterday to the tune of US$ 20 million which will be increased to US$ 320 million in the long term.
The company plans to launch the country's first ever communication satellite utilizing the Planned Orbital Slot of Sri Lanka which is located at 50 degrees East.
Sri Lankan satellite, based on DFH-4 (DongFangHong-4) satellite platform, will be manufactured by China's State-owned China Great Wall Industry Corporation (CGWIC).
SupremeSAT has entered into an exclusive partnership agreement with CGWIC for the design, manufacturing and launching of the satellite.
The DFH-4 (DongFangHong-4) platform is a large telecommunications satellite platform with a new generation of hardware based on high output power and communication capacity comparable to international advanced satellite platforms.
Launch is scheduled to take place onboard the Long March satellite carrier in 2015-2016 timeframe.
The new venture of SupremeSAT will offer all types of telecommunication services such as broadband and networking services, various broadcast solutions, back-haul or range extension facilities for telecom operators and other services such as E-government and E-learning.