Ukraine to Launch Telecommunications Satellite, Kommersant Says

Ukraine reached agreement with Eutelsat on an orbital position for its first telecommunications satellite, called Lybid, Kommersant-Ukraine newspaper reported, citing Sehiy Kapshtyk, who heads Ukrkosmos, the state company that runs the project.

Lybid is being assembled by Canadian and Russian companies and its launch from Baikonur, in Kazakhstan, is planned for late 2013, the newspaper said.

The satellite will offer television, telephone and Internet services, Kommersant said.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE