China Going to make BIG MONEY in Launching Communication Satellites for other Nations

It’s about time Nepal signed an agreement with China to launch its own satellite. Farfetched? It isn’t .

A Nigerian official responsible for the NIGCOMSAT-1, Ahmed Rufai, had disclosed that Nigeria will earn about $1.05 billion from the satellite every year, “a major part of the earnings coming in from the sale and leasing of transponders from NIGCOMSAT-1.” Transponders—or the parts of the communication satellite that are “for sale”—are one of the key satellite components because they receive, cross-examine, amplify and retransmit the signals back to earth.

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