Made available under a program for the development of satellite telecommunications business in the member countries of Intersputnik, which has recently been approved by the Board and the Operations Committee, this loan will help Isatcom implement a project to update the existing satellite network, offer advanced telecommunications satellite services in Mongolia, and further develop up-to-date satellite services in the country.
The main purpose of the approved Development Program is to assist the member countries of Intersputnik in carrying out innovative space projects that include satellite telecommunications, satellite radio and video broadcasting, the manufacture of satellite and telecommunications equipment as well as to upgrade ground satellite telecommunications segments.