Intersputnik Makes Available First Tranche Under Business Development Program

According to an agreement signed in December 2019 between Intersputnik and Mongolian operator Isatcom LLC, which is the winner of the first tenders under the Program for the Development of Telecommunications Business in the member-countries of the Organization, Intersputnik transferred to Isatcom LLC at the beginning of Q1 2020 an interest-free loan in the amount of USD 300,000 for the purchase of hub station equipment and user terminals to be used for the upgrading and expansion of a VSAT network in Mongolia. Isatcom LLC thanked Intersputnik for financially supporting their project.