ITU and Kacific join forces to boost emergency telecoms and ICT development in Vanuatu | GuarantCo and PIDG Technical Assistance support investees Kacific Broadband Satellites Group and Acorn Holdings Limited to respond to the COVID-19 crisis in Asia Pacific and Kenya | Kacific Reconnects ASTCA Network To Outer Island In American Samoa | Satellite service to help remote medical clinics combat Covid-19 across Asia Pacific | Kacific1 Broadband Services Commence Across Asia Pacific | Kacific Conducts First Mobile Backhaul over Geo-Stationary Ka-band Satellite in Pacific Islands | Kacific’s first satellite successfully launches to space! [English and Bahasa] | JCSAT-18/Kacific1 Mission | Kacific secures US$160 million in long-term credit facilities | Directing affordable broadband capacity to places where its most needed | ITU and Kacific join forces to boost emergency telecoms and ICT development in Vanuatu | GuarantCo and PIDG Technical Assistance support investees Kacific Broadband Satellites Group and Acorn Holdings Limited to respond to the COVID-19 crisis in Asia Pacific and Kenya | Kacific Reconnects ASTCA Network To Outer Island In American Samoa | Satellite service to help remote medical clinics combat Covid-19 across Asia Pacific | Kacific1 Broadband Services Commence Across Asia Pacific | Kacific Conducts First Mobile Backhaul over Geo-Stationary Ka-band Satellite in Pacific Islands | Kacific’s first satellite successfully launches to space! [English and Bahasa] | JCSAT-18/Kacific1 Mission | Kacific secures US$160 million in long-term credit facilities | Directing affordable broadband capacity to places where its most needed |

UK Private Investor Takes US$20 Million Stake in Kacific

Apr 04 2016

Additional US$2.3 million will be raised from Australian tech investors

SINGAPORE 5 April 2016 — 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.

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.”

BusinessWire: “UK Private Investor Takes US$20 Million Stake in Kacific”