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Wednesday, March 29, 2023
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KWM, A&O help Hispasat finance Amazonas Nexus satellite

King & Wood Mallesons has advised Hispasat on the financing of the construction and launch of its new Amazonas Nexus satellite, with Allen & Overy acting for the financing entities

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Hispasat has inaugurated a new era in satellite communications with the launch of the Amazonas Nexus. It is a high-performance geostationary satellite that will enable high-speed internet access throughout the Americas, the North and South Atlantic corridors and points as remote as Greenland and the Amazon rainforest. It is specially designed to offer high quality connectivity on airplanes and ships and will effectively contribute to an expeditious and efficient reduction of the digital divide in Latin America.

The mission was carried out successfully from Space Launch Complex 40 (SLC-40) at the U.S. Space Force Station at Cape Canaveral (Florida) by a SpaceX Falcon 9 rocket.

With this operation, Hispasat becomes the first satellite operator in the world to offset the carbon footprint derived from the entire launch process. This action will be carried out through Sylvestris and is part of the sustainability commitment assumed by Redeia in all its activities.

This new satellite represents a technological breakthrough that reinforces Hispasat’s position at the forefront of the satellite industry. The Amazonas Nexus, built on the Spacebus NEO platform of Thales Alenia Space, is equipped with a state-of-the-art Digital Transparent Processor (DTP). It allows establishing one-hop communications throughout its coverage area and provides maximum flexibility that will facilitate its adaptation to changes in the demand for services over its more than 15 years of service life.

The Amazonas Nexus has been manufactured at the Thales Alenia Space facilities in Cannes (France) and has a significant participation of the Spanish aerospace industry through companies such as Thales Alenia Space España, Sener, GMV and Aicox, among others.

KWM advised Hispasat wit a team led by Banking & Finance partner Joaquín Sales.

Jimena Urretavizcaya (left) and Laura Cabezas (right)

Allen & Overy Spain advised Export-Import Bank of the United States (EXIM Bank) and the financing entities Bpifrance, with BNP Paribas acting as agent BPIFAE, on the construction and financing of the launch of Hispasat’s Amazonas-6 (Nexus) with a Banking & Finance team formed by partner Jimena Urretavizcaya and associate Laura Cabezas Muñoz.

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