Iridium Communications said it successfully closed the financing facility for its next generation satellite constellation, Iridium NEXT. The facility is provided by a syndicate of nine banks led by Deutsche Bank AG, Banco Santander SA, Societe Generale, Natixis and Mediobanca International S.A. They will provide up to $1.8 billion of financing to Iridium for the design and manufacture of Iridium NEXT satellites. Thales Alenia Space is the prime contractor for the project, which consists of ...

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