New Zealands first (Commercial) Satellite has the go ahead for launch around 2010.
[Note however that a New Zealand Amateur Satellite may get launched before this one. See KiwiSat]
The communications satellite will make use of New Zealand's orbital slot, which is unused.
The approval paves the way for the possibility of better broadband and broadcasting capabilities. "The venture could mean increased capacity for broadband, broadcasting and civil and Government communications," Cunliffe said. Other potential benefits could include improved communications abilities for military and civil emergency agencies.