After 10 years, and now Swedish, Ovzon is poised to purchase its own broadband satellite

by Peter B. de Selding


UPDATE Jan. 25, 2019

PARIS -- Ovzon AB's preferential-rights issue closed on Jan. 23 and, as expected, the company raised gross revenue of 750 million Swedish krona ($82 million), which will be matched with an equal amount from Ovzon cash flow to purchase a small GEO-orbit Ovzon-3 satellite from Maxar Technologies for Ovzon's mobile broadband business.

UPDATE Dec. 27: 

CARBONDALE, Colorado: Ovzon AB's board of directors has fully guaranteed the issuance of new preferential-rights shares to raise gross proceeds of 750 million Swedish krona ($82 million) to . . .

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