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Insurance costs to increase following failed Mexican satellite launch: Experts

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Experts have said that the recent failed launch of Mexico's Centenario satellite would increase insurance costs, reported Agencia EFE.

"Insurance costs will go through the roof and will make satellite launches more expensive," said Slava Frayter, an official at satellite communications firm Newtec Cy N.V. Russian carrier missile Proton-M was carrying the $390 million Centenario satellite. "Because launches are delayed" it affects "the entire chain" of space operations, said another official. There have been six failures of Proton rocket launches over the last five years.

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