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Arabsat awaits regulatory approval for its Hellassat buy

19 Feb 2013, 11:53 UTC
Arabsat awaits regulatory approval for its Hellassat buy
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The pan-Arabic satellite operator Arabsat is awaiting regulatory approval for its planned purchase of the Greek satellite operator Hellassat from OTE which it announced on 7 February. The purchase price was €208 million ($281 million). Hellesat operates the Hellesat 2 communications satellite in geosyncronous orbit over 39 degrees East and plans to build a new satelltie called Hellassat 3.

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