Former NewSat director to stand trial
The former director of NewSat will stand trial after three charges were brought against him by the Australian Securities and Investments Commission.
The former director of NewSat will stand trial after three charges were brought against him by the Australian Securities and Investments Commission.
NewSat (ASX: NWT) and its subsidiaries have entered administration pending an assessment of its financial position.
Australian satellite firm NewSat, (ASX: NWT) has signed an $12.5 million (US$11.7 million) contract for the supply of Jabiru-2 satellite transmission capacity over Australia, Papua New Guinea, Timor Leste and the Solomon Islands.
Australian satellite company NewSat has signed a 15-year contract with a telecommunications company in South West Asia worth US$160 million.
Australian satellite operator NewSat (ASX: NWT) is now trading shares on OTCQX International, a United States-based marketplace used by overseas companies that are listed on an international exchange.