The Latin American satellite telecommunications market has witnessed pockets of growth in recent years but remains one of the most competitive in the world, and one where overcapacity continues to put pressure on transponder-lease prices. One of its major players, Mexico's Sat-mex, recently has emerged from bankruptcy and now is seeking to stabilize itself financially. The Venezuelan government has ordered a large, Chinese-built satellite and the government has not clarified whether capacity on the new satellite will be sold regionally and, if it is, how much will be sold. A project called Simon Bolivar, which has been in the planning stage for years, is still a possibility. And international fleet operators - SES of Luxembourg, Intelsat of Bermuda and Washington, Telesat of Canada, Hispasat of Spain-all have capacity trained on South America.
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