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Intersputnik Holding Talks With Iraq

Intersputnik and Alfa-Eco have been negotiating with Iraq to provide access to space communications and possibly launch an Iraqi satellite in the future. Alfa-Eco is associated with Alfa Bank, one of Russia's largest commercial banks. Intersputnik and Iraqi officials have been discussing the possibility of building a ground station in Iraq that would be used for telephone communications and television broadcast via an Intersputnik satellite. Building a new station would take several months once the contract is signed. The cost could vary from tens to hundreds thousands dollars, depending on the final shape of the project. Intersputnik built such a station in the 1980s, but it was destroyed in the Gulf War that followed Iraq's 1990 invasion of Kuwait.

Intersputnik says that its contacts with Iraq fully comply with international sanctions imposed on Iraq.

  


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April 23, 2001

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