Kacific Broadband Satellites – satellite operator

Kacific Broadband Satellites : additional US$2.3 million will be raised from Australian tech
investors

Kacific Broadband Satellites has agreed terms on funding of US$20
million from a United Kingdom-based family office with a particular
focus on infrastructure investments. Arranged by Kacific’s advisor,
Caniwi Capital, the placement is part of Kacific’s Series A round of
capital raising, and is a major step for the company towards the
financial close of its project, which will bring high speed broadband
satellite services to remote and isolated areas of the Pacific and South
East Asia.
Kacific Broadband Satellites

The family office, which does not wish to be identified, made the
decision to invest after following Kacific’s accelerating progress in
signing agreements for satellite broadband provision.

Terms for a further US$2.3 million have been agreed with two Australian
private investors with experience in financial markets and in developing
and commercialising new IT and telecommunications technologies.

Kacific now has agreements representing over US$260 million of pre-sales
contracts for its high-throughput satellite (HTS) broadband internet
service with governments, ISPs and telecom operators of eleven
Asia-Pacific countries, including Indonesia. It aims to provide service
to markets in South East Asia, New Zealand and the Pacific with its
first satellite.

Kacific founder and CEO, Christian Patouraux, said: “We are delighted
with this vote of confidence from seasoned professional investors and IT
and telecommunications veterans who have reviewed our business model and
noted our recent accomplishments. These investments will, we believe,
encourage further take-up of our service in our target markets.”

About Kacific Broadband Satellites

Kacific Broadband Satellites Pte Ltd is a satellite operator developing
a broadband offering for the underserved Pacific market. It plans to
address the gap in supply with a satellite specifically designed for
this market and using the latest multi-beam and high throughput space
communications technology transmitting over the Ka Band.

Kacific Broadband Satellites
Contacts

Kacific Broadband Satellite
Christian Patouraux, +65 9 800 0310
CEO
chris@kacific.com
or
Botica
Butler Raudon Partners
Allan Botica, +64 21 400 500
allanb@botica.co.nz

Kacific Broadband Satellites