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SWANsat Holdings
Executive Online Briefing Pages


Our SWANsat Magna Carta
0. Due Diligence Materials
1. Executive Summary
2. Technical Documents
3. Ex-Im Bank Funding Guarantee
4. Information Memorandums
5. Funding & Investments
6. Marketing Structure
7. FERA and Senate Bill 2433
8. Backhaul Tower Support
9. South Sudan Proposals
10. Host Country Documents
11. ITU Filings
12. mySWANbank
13. Reports to Friends of SWANsat
14. Bio for Dr. William P. Welty
15. Conferences Addressed
16. Landing Rights Issues
17. United Nations Responses
18. Islamic Banking Issues
19. World Bank and ODA
20. Links that Mention SWANsat
21. The LIBERTY™ Suite
22. SWANsat Aerospace, Our Vendor
23. Relations with the African Union
26. Milestones: Progress to Date
24. The NEPAD Council
25. AUric/Global Settlement Foundation
27. Press Reports about SWANsat
28. Press Images and Logos
29. Mauritius Documents
30. On Visionaries...

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Section XXVII: Press Reports about SWANsat


This page posts only press reports. CLICK HERE to see other non-press report links on the Internet. Unless otherwise indicated, all links open in a new window. Also unless otherwise indicated, no one affiliated with SWANsat was responsible for initiating the posting or link cited.


Satellite Finance

The following story, published on 14 November 2008, discussed our candidacy at the Export Import Bank of the United States to receive a USD$36 billion funding guarantee for the SWANsat System:

US$36bn satellite project in talks
for ExIm Bank guarantee

Satellite Finance
Published: 14 Nov 2008


SWANsat, a hugely ambitious satellite project that plans to launch a constellation of up to twelve geostationary satellites that would operate the first commercial use of the W-band (71-75 GHz and 81-85 GHz) for delivery of two-way broadband Information and Communication Technology (ICT) services worldwide, is currently in talks with the Export Import Bank of the United States (ExIm Bank) over the latter providing a funding guarantee of approximately US$30bn.

The project is the brainchild of William Welty, the founder of DBS operator Continental Satellite Corp which was sold to Loral in 1996. Welty told SatelliteFinance that the total cost of the project, which has been in development for the past twelve and a half years, would be approximately US$36bn and that the company had retained Bank of America as a financial adviser.

Welty said that SWANsat has begun discussions with ExIm Bank and that the bank will undertake due diligence on the project in the first quarter of 2009, with a decision by the end the quarter. He added that Bank of America will then act as a sponsor and will look to find private investment backed by the funding guarantee. A massive challenge given the current economic climate, although Welty argued that if the ExIm Bank provides a funding guarantee then investors will be far more likely to participate.

Welty said that ExIm Bank is looking to guarantee 85% of the total cost of the project, with the remaining 15% planned to come from sovereign wealth funds and African banks. He added that NEPAD (New Partnership for Africa's Development), a network of ex-pat Africans that seeks to develop the African economy, has endorsed the project and is introducing it to potential SWF investors.

SWANsat stands for Super-Wide Area Network System and Welty said that the plan was to develop a constellation of fourteen hugely powerful satellites (including two in-orbit spares) that would provide internet, telecommunications, data and video worldwide but with its main ambition being to bridge the digital divide in Africa. He argued that the technology that it has developed meant that the satellites could generate 10,000MHz of capacity, compared to around 280MHz for typical DBS satellites, which gave it the capacity to deliver around 200,000 high definition channels.

The plan would be to offer Africans these broadband ICT services for around E1 per month. This would be funded by acting as a single information services wireless provider to countries in the developed world for a charge of US$100 per month.

Welty said that the plan is to launch the first satellite in late 2012 / Q1 2013 and that SWANsat is currently in negotiations through its vendor Salt Lake City based IOSTAR Corp to select a prime vendor. A decision is expected by January 2009, with Lockheed Martin believed to be in pole position. Construction on the satellites would then begin in the second or third quarter of 2009.

For more on this extremely ambitious and expensive project and indeed whether it will get off the ground at all, see the next edition of SatelliteFinance.

Used with permission; cited pursuant to Fair Use.


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SIGNAL Magazine

 

SIGNAL MAGAZINE is the only international news magazine serving the critical information needs of government, military and industry decision makers active in the fields of C4ISR, information security, intelligence, research and development, electronics, and homeland security. For its May 2007 issue, SIGNAL Magazine devoted its cover story to our proposed SWANsat system. The cover graphic for the May 2007 issue (illustrated, right) features a computer-generated device envisioned back in the mid-1990's by YRG Communications. YRG's Brian Mount graciously gave permission to SWANsat to use what YRG calls The Cosmic Communicator as an example of what one possible SWANsat handset configuration might look like.

Click here to download the entire May 2007 issue of Signal Magazine in PDF format from the Signal web site.

Click here to open a new window in your browser on the SIGNAL site and read the article in HTML format.

Click here to download  the entire May 2007 issue of Signal Magazine in PDF format from our web site. File size is 10,587,158 bytes.

Click here to download a reproduction of the SWANsat article in PDF format from our web site. Two minor typographical errors were corrected, and a missing photo credit has been provided. File size is 275,509 bytes.

 
 

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Contents of this site Copyright © 1996-2013 by SWANsat Holdings, LLC. ALL RIGHTS RESERVED INTERNATIONALLY. This page posted pursuant to SWANsat's General Terms of Use. This site was last modified on Monday, February 17, 2014 15:45 -0800.