Spain’s defence company Indra has wrapped its agreed purchase of 89.7 per cent of Madrid-based satellite operator Hispasat from Redeia for €725 million, the company confirmed in a filing to the Spanish stock market regulator. The Spanish government has already approved the deal. But almost coincidentally, the business lost a major satellite. Redeia is mainly […]
Hispasat has appointed Manuel San Segundo as the Group’s new Technical Director. Sansecond has held different positions in the technical area of Hispasat since its incorporation in 1991. As head of Flight Segment for the past 22 years, he has led the technical part of all company missions, including launch-related activities, satellite control centres and […]
Madrid-based Hispasat, a member of the SpaceRISE consortium building the IRIS2 fleet of highly secure satellites, is to issue its Request for Proposals (RFP) to the industry. The RFP is expected to include provisions for building ten or more satellites for the project. The ten craft would operate at 400-750 kms altitude. IRIS2’s 264-satellite LEO […]
The Seamless Air Alliance (SAA) and the European Space Agency (ESA) have announced significant advancements in the development of 5G Non-Terrestrial Networks (NTN) for aviation connectivity. The pair say their collaborative efforts mark a major milestone in the integration of space-based communication technologies to enable a seamless extension of mobile networks to provide in-flight connectivity and exceptional passenger […]
The purchase by global defence specialist Indra Group of Madrid-based satellite operator Hispasat, first announced in January, has been formalised. Indra will take a 89.68 per cent stake from infrastructure company Redeia. The cost is to be €725 million. This means that Redeia has lost some €225 million since it acquired Hispasat in 2019 when […]
Spanish technology company Indra is set to buy satellite operator Hispasat from Redeia for €650 million. Indra, in which the Spanish Government has a 28 per cent stake, and Redeia are finalising the negotiations to complete the deal that will then be submitted for approval to both board of directors in each company. The recent […]
Thales Alenia Space, the joint venture between Thales (67 per cent) and Leonardo (33 per cent), and Hispasat, Redeia’s satellite services operator, have announced the start of the development, manufacturing, verification, and validation phase of the QKD-GEO prototype, Spain’s quantum key distribution system from geostationary orbit. With a budget of €103.5 million, the QKD-GEO mission […]
The IRIS2 project for hundreds of satellites was confirmed December 16th with the signing of contracts worth €10.6 billion with the SpaceRISE consortium. The consortium, led by satellite operators SES, Eutelsat and Hispasat, is now contracted to build – via sub-contractors – and operate the new highly-secure fleet of satellites. The contract covers a 12-year […]
Spanish satellite operator Hispasat and SoFast, a US provider of FAST channels, have partnered to distribute FAST TV channels to affiliated Hispasat customers throughout Latin America. In 2023, Hispasat launched Wave OTT+, a streaming platform targeted at customers in LatAm, including telco operators and ISP and cable TV providers, Now, with this new alliance, SoFast […]
The SpaceRISE consortium of satellite operators has won a contract to supply a major constellation of highly secure satellites. The SpaceRISE consortium comprises Eutelsat, SES and Hispasat and other smaller members. The contract will run for 12 years, and the consortium will put around €4 billion into the project, but the overall costs are reported […]