NewSpace India (NSIL), the renamed commercial arm of the Indian Space Research Organisation (ISRO), says that its new satellite GSAT-24, due to be launched by Arianespace early in 2022, has been fully leased.
The client for the satellite is DTH broadcaster Tata Sky.
“The entire satellite capacity on-board GSAT-24 will be leased to its committed customer M/s Tata Sky for meeting their DTH application needs,” an NSIL statement said.
NSIL has been created to commercialise research work and capabilities of the ISRO and takes over from the disgraced Antrix division of ISRO. The ISRO subsidiary says it is looking to emerge as an Indian communications satellite operator by taking over ISRO satellites which provide DTH and broadband services to customers on demand.
ISRO has some 26 satellites in orbit and NewSpace is looking to take commercial control in order to maximise profitability. Most existing customer are in the DTH space but NewSpace says there’s a growing demand for broadband capacity which is coming from telecom operaators.