Hellas Sat

A new Hellas Sat satellite was successfully launched last week, strengthening Greece's presence in space at a time when the country is exploring economic benefits in all sectors after experiencing an acute debt crisis.

An Ariane 5 heavy lift rocket propelled the Hellas Sat 4 satellite from French Guiana in South America to a geostationary orbit late Tuesday.

Hellas Sat is a Greek and Cyprus satellite communications solutions provider founded in 2001 and acquired by Arabsat in 2013. Arabsat is based in Saudi Arabia and is considered to be the 6th largest satellite operator in the world.