BalkanSat EOOD is wholly-owned by a company, registered in Malta (EU). It has a valid ITU Appendix AP30 B coordinated orbital position for telecommunications (FSS) at 56.02 E. The company’s purpose is to build and operate a state-of-the-art high throughput satellite to provide telecommunication and broadband services to Bulgaria and the African continent.
A Private Funded Initiative (PFI) of BalkanSat EOOD is to contribute to the emergence of a new offering in the Government secure communications services.
BalkanSat EOOD was registered in 2005 at the Sofia City Court under the laws of the Republic of Bulgaria. Its business is in full compliance with the requirements and standards of the Communications Regulation Commission. The company has no debts and no contingent liabilities.