Spanish satellite operator Hispasat reported April 24 modest growth in revenue in 2011 and a more-substantial increase in gross profit, saying its business in Latin America grew at double-digit rates. The Madrid-based company, whose large Amazonas 3 satellite for coverage of Brazil is slated to launch in 2013, said its Latin American business accounted for 49 percent of its total 2011 revenue, up from 44 percent in 2010. The Latin American satellite telecommunications market is one of the world's fastest growing, especially when compared with Hispasat's home market of Western Europe.
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