KATHMANDU, March 12 -- The Nepal Telecommunications Authority and Thales Alenia Space have signed an agreement to build a national satellite telecommunication system for Nepal, according to Space Newsfeed.

The agreement follows the Letter of Intent previously signed on March 5 in Paris by the Minister of Communication & Information Technology of Nepal, Gokul Prasad Baskota, and the Secretary of State to the Minister for Europe and Foreign Affairs of France, Jean-Baptiste Lemoyne.

The C/Ku Band satellite is set to be launched by 2022 and positioned at 123.3deg E orbital slot reserved for Nepal by International Telecommunication Union. It will be based on the SpaceBus National Satellite System solution developed by Thales Alenia Space.