By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Science, Space & Technology

Space Science Digital
Contact
Search
  • Home
  • Environment

    Round sand dunes on Mars puzzle scientists

    March 10, 2023

    The brightest gamma ray burst ever observed defies long-standing models

    April 4, 2023

    New protoplanet discovered 374 light-years away

    April 19, 2023

    The Drake Equation and the late planet

    May 9, 2023
  • Space Flight

    Relativity Space: First 3D-printed rocket is about to launch into space

    March 7, 2023

    The Longest Goodbye review: A poignant documentary on space psychology

    February 15, 2023

    Rocket Lab launches pair of Capella satellites from Wallops

    March 16, 2023

    Twin planets orbiting a distant star may be half water

    December 15, 2022
  • Cosmology

    A New Method Has Dramatically Improved ALMA’s Decision

    November 20, 2023

    There Aren’t Many Galaxies Like The Milky Method Close by. Now We Know Why

    November 23, 2023

    A Tiny Quadcopter Might Collect Rocks for China’s Pattern Return Mission

    November 28, 2023

    The Andromeda and Milky Means collision, defined

    December 1, 2023
  • Latest
  • About Us
Reading: Ovzon gets deadline extension for debut satellite
Share
Aa
Space Science DigitalSpace Science Digital
  • Environment
  • Space Flight
  • Cosmology
  • Technology
Search
  • Home
  • Categories
    • Environment
    • Technology
    • Cosmology
    • Space Flight
  • More Foxiz
    • Blog Index
    • Forums
    • Complaint
    • Sitemap
Follow US
© 2023 Space Science Digital. All Rights Reserved.
Space Science Digital > Blog > News > Ovzon gets deadline extension for debut satellite
News

Ovzon gets deadline extension for debut satellite

By Jayden Hanson March 28, 2023 3 Min Read
Share


TAMPA, Fla. — Mobile satcom services provider Ovzon said March 28 it has secured a deadline extension enabling it to keep priority spectrum rights for its first broadband satellite, as long as it launches early enough in a July-September window SpaceX has set for the mission.

International regulators gave the Swedish company until the end of the year to start providing services in geostationary orbit from Ovzon 3, which was originally slated to launch in 2021 before manufacturing delays at Maxar Technologies.

Once launched, it would take Ovzon 3 several months to reach its orbital slot at 59.7 degrees East using onboard electric propulsion.

“A launch occurring late in the announced [launch] window may require additional approvals,” Ovzon said in a news release.

The previous ‘Bring into Use’ deadline for Ovzon 3 under rules governed by the International Telecommunication Union (ITU), an affiliate of the United Nations, was Dec. 15, 2022.

Ovzon had originally lined up a 2021 SpaceX Falcon Heavy launch for Ovzon 3 before switching to an Ariane 5 after getting a better deal from Arianespace.

However, the company said Feb. 3 that it moved Ovzon 3 back to SpaceX, this time for a Falcon 9 launch, after additional manufacturing delays caused it to miss out on one of Arianespace’s last few Ariane 5 missions.

According to Ovzon, which currently provides broadband services by leasing capacity from other satellite operators, Maxar’s supply chain woes have increased the overall cost of its inaugural satellite project by about $25 million. 

To help cover these rising costs, the company recently sold shares worth about $19 million and increased a $60 million line of credit to $65 million.

Ovzon also recently disclosed its 2022 financials are taking a hit of about 34 million Swedish krona ($3.3 million) after one of its customers fell behind on contracted payments.

Per Norén, Ovzon’s CEO, said in a statement that Italian distributor Gomedia Satcom ran into “more severe financial difficulties than previously assessed,” prompting Ovzon to delay the publication of its annual financial results by about a week to March 30.

Despite including the loss in the upcoming accounts, Norén said Ovzon has agreed a repayment plan and secured a “pledge of assets” held by the Italian company.

Related

TAGGED: deadline, debut, extension, Ovzon, satellite

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
[mc4wp_form]
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Jayden Hanson March 28, 2023
Share this Article
Facebook Twitter Email Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE NOW

Subscribe to our newsletter to get our newest articles instantly!

[mc4wp_form]

HOT NEWS

Relativity Space: First 3D-printed rocket is about to launch into space

Space Flight
March 7, 2023

Is that this black gap jet making stars explode?

Again to Article Listing Greater than twice the anticipated quantity of novae have been discovered…

October 27, 2024

NASA Says Spacecraft Crash Test Successfully Changes Asteroid’s Orbit

CAPE CANAVERAL, Fla. (AP) — A spacecraft that plowed into a small, harmless asteroid millions…

October 11, 2022

World-Saving Spacecraft Passes Test

NASA says its DART spacecraft successfully shifted the path of an asteroid. For us earthlings,…

October 11, 2022

YOU MAY ALSO LIKE

Proposed CASTOR Area Telescope Waits on Authorities

The proposed Canadian led Cosmological Superior Survey Telescope for Optical and uv Analysis, generally referred to by its acronym CASTOR,…

News
October 27, 2024

Dwelling (Alone) on Mars: Actor Daniel Stern on main NASA in ‘For All Mankind’

If there's certainly a multiverse the place in each attainable end result occurs, then in a type of universes Marv…

News
December 23, 2023

China Spacewalk: Photo voltaic Panel Restore Check

Picture credit score: China Nationwide Area Administration (CNSA)/China Central Tv (CCTV) The primary extravehicular exercise of the Shenzhou-17 mission was…

News
December 23, 2023

Watch large loop of plasma dance above the solar in gorgeous video

Miguel Claro is an expert photographer, writer and science communicator primarily based in Lisbon, Portugal, who creates spectacular pictures of…

News
December 23, 2023
We use our own and third-party cookies to improve our services, personalise your advertising and remember your preferences.
  • Jobs Board
  • About Us
  • Contact Us
  • Privacy Policy
  • Exclusives
  • Learn How
  • Support
  • Solutions
  • Terms And Conditions
  • Editorial Policy
  • Marketing Solutions
  • Industry Intelligence

Follow US: 

Space Science Digital

Welcome to spacescience.digital, A source for the latest news and developments in the exciting field of space science. Our blog covers a wide range of topics, from the latest space missions and discoveries to updates on technology and scientific breakthroughs. We are passionate about sharing the wonders of the universe with our readers and providing them with engaging and informative content. Join us on this fascinating journey as we explore the mysteries of space and the frontiers of human knowledge.

© 2024 Space Science Digital. All Rights Reserved.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?