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Hispasat acquires new frequencies for Latin America

Spanish satellite operator Hispasat has secured new orbital rights at the 61° West position through its Hispamar Satellites Brazilian subsidiary.

Hispamar has secured rights to Ku-band frequencies at 61° West for the next 15 years. The move followed an auction whereby Hispamar placed the winning bid of US$29.5 million for frequency rights from Brazilian National Telecommunications Agency Anatel.

According to Hispasat, 55.6% of its group profits were made in the Americas last year, with the Latin American satellite market predicted to grow at a rate of 5.7% per annum for the next five years.