What is "newsat"

NewSat is the largest independent satellite communications provider in Australia. Its satellites, VSATs and teleports provide coverage to 75% of the earth’s surface. NewSat CEO Adrian Ballintine and Microsoft co-founder Paul Allen founded the company in 1987. NewSat started as a multimedia business. It survived the dotcom crash to evolve into a fully-fledged satellite communications company. Most NewSat customers are located in Australia, the Middle East and Africa. Having made a $39.7 million loss in the second half of 2014, and with $300 million in outstanding loan repayments, NewSat was placed in administration in mid April 2015.