Embraer to team up with Brazil telecoms in space plan

May 30, 2012

Brazil's leading planemaker Embraer signed a shareholding agreement Tuesday with Telebras, the country's state-owned telecom provider, to set up a joint venture to launch a communications satellite.

The two companies will form Visiona Tecnologia Espacial, with Embraer owning 51 percent of the capital and Telebras the remaining 49 percent, according to an Embraer statement.

The Brazilian Geosynchronous Satellite (GOES), expected to be launched in 2014, is to meet the communications and national security needs of the federal government, including the national broadband program, Embraer said.

The deal is line with a memorandum of understanding the two companies signed last November.

"This project is a historic step for advancing the technological and industrial readiness of Brazil's ," Embraer Presidenr Frederico Curado said.

Visiona's head office will be located in Sao Jose dos Campos, in Sao Paulo state, will also become the leader of the Development Center, in partnership with other key aerospace educational and research organizations.

Brazil's state-owned Embratel launched the first South American communications satellite in 1985.

Explore further: Millions without mobile phone service in Argentina

add to favorites email to friend print save as pdf

Related Stories

Airplane rivals launch joint biofuel project

Mar 22, 2012

Plane makers and bitter rivals Airbus of Europe, Boeing of the US and Embraer of Brazil announced on Thursday a joint plan to develop affordable biofuels for the airplane industry.

Boeing, Embraer back sugar jet-fuel study

Jul 26, 2011

Brazilian aircraft maker Embraer and US rival Boeing said Tuesday they will co-finance research to determine the sustainability of using Brazilian sugarcane in jet fuel.

Russia, Indonesia Sign Satellite Launch Memorandum

Dec 16, 2005

Russia and Indonesia signed a memorandum Wednesday on the launch of a communications satellite at the end of the Russia Hi-Tech 2005 exposition in Malaysia's capital, reports RIA Novosti.

Spain, Norway to build telecoms satellite

Sep 07, 2010

Spain said it signed a deal with Norway Tuesday to build a telecommunications satellite, to be launched in 2014 and used for both civilian and military purposes.

Brazil to build new nuclear reactor: report

May 06, 2010

Brazil is to build a 483-million-dollar nuclear reactor to produce radioactive material for medical use as well as industrial-grade enriched uranium, local media has reported, citing a cabinet minister.

Recommended for you

Britain's BT in talks to buy mobile operator EE

Dec 15, 2014

BT Group PLC said Monday it is in exclusive talks to buy mobile phone operator EE from Germany's Deutsche Telekom and France's Orange for 12.5 billion pounds ($20 billion) in cash and shares.

Re-imagining the network

Dec 12, 2014

Communication networks are evolving to keep pace with increasing consumer needs and business demands. We've already experienced the progressive jumps from 1G to 4G wireless networks and 5G is looming in the not-too-distant ...

High-speed Internet on its way to more schools

Dec 11, 2014

The Federal Communications Commission agreed Thursday to dramatically boost spending to bring high-speed Internet access to schools and libraries in poor or rural areas, a move that would likely increase Americans' phone ...

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.