Nicaragua negotiating satellite purchase with China

September 14, 2012

Nicaragua is in negotiations with China to purchase a $300 million satellite, which the Central American country hopes to launch into orbit by 2016, officials said.

The accord between the Nicaraguan Telecommunications Institute (Telcor) and the Chinese firm Great Wall, which has manufactured satellites for several , African and , could be signed in October.

"In mid-October of this year, the two parties are going to conclude the negotiations on all aspects of this contract," said the Chinese firm's vice president, He Xing, at a press conference in Managua on Thursday.

Xing said the device would be a third-generation satellite capable of providing modern telephone, Internet and digital television services for Nicaragua and some residents in nearby countries.

The project, referred to as Nicasat-1, will cost approximately $300 million. The Nicaraguan government plans to seek financing from Chinese banks, which have offered favorable interest rates, Telcor said.

Nicaraguan officials have said the satellite will promote economic development in the country—one of 's poorest—and help to improve communications in the event of a natural disaster.

Explore further: Deaf children use hands to invent own way of communicating

Related Stories

Deaf children use hands to invent own way of communicating

February 15, 2009

Deaf children are able to develop a language-like gesture system by making up hand signs and using homemade systems to increase their communication as they grow, just as children with conventional spoken language, research ...

Venezuela, China to launch satellite next year

May 27, 2011

Venezuela and China will develop an observation satellite to be built in Asia and launched from South America in 2012, according to Venezuela's science and technology minister.

Recommended for you

NASA selects investigations for future key planetary mission

October 1, 2015

NASA has selected five science investigations for refinement during the next year as a first step in choosing one or two missions for flight opportunities as early as 2020. Three of those chosen have ties to NASA's Jet Propulsion ...

Dawn team shares new maps and insights about Ceres

October 1, 2015

Mysteries and insights about Ceres are being discussed this week at the European Planetary Science Conference in Nantes, France. NASA's Dawn spacecraft is providing scientists with tantalizing views and other data about the ...


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.