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The UK space sector has remained buoyant despite the global economic downturn – and satellite broadband has played a key role.

According to Oxford Economics, profit levels have increased by an average of ten per cent since 2007.

The space industry is now said to be worth £7.5 billion per year and rising, with employment levels also up by 15 per cent.

Downstream activities - such as satellite broadcasting and telecommunications – have added value to the market, the consultancy stated.

"Satellites go where terrestrial services don't, and what we're doing now with satellites is providing broadband - or internet access - or email coverage in remote environments," Inmarsat's Chief Executive Officer Andrew Sukawaty told the BBC.

"And because we're extending this service to an under-served market, we're now in a position to expand even in the middle of a recession."

Avanti Communications recently announced a November 25th launch date for its HYLAS 1 satellite, which will allow it to offer broadband deals in the UK. 

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