A satellite refers to an artificial body placed in orbit around the earth or another planet in order to collect information or for communication. The Bangabandhu Satellite-1 is the first Bangladeshi geostationary communications satellite. How did the satellite get its name? The satellite has been named after the Father of the Nation, Bangabandhu Sheikh Mujibur Rahman. Manufacturing company and launching provider. It was designed and manufactured by Thales Alenia Space and its launch provider was SpaceX. Its launch station was Kennedy Space center on Merritt Island, Florida USA and the ground control stations are in Betbunia Gazipur in Bangladesh. Where did it locate by the scientists? The satellite was expected to be located at the 119.1° East Longitude geostationary slot. Its advantages and weight. With a total mass of 3700 kg and powered by 2 deployable solar 'arrays and batteries. the expected longevity of the satellite is 15 years. Moreover, the satellite provides Ku-band and C- band television broadcast and data relay services across Bangladesh and neighbouring areas. How is it important for its country ? This satellite will bring about enormous development and uninterrupted telecommunication system in Bangladesh. At present the country's television channels have been renting bandwidth from Chinese, Indian and Singaporean satellites at a cost of about S14 million a year. It is expected that Bangladesh will not only save such amount of money in the future, but also would earn a lot by letting other countries to lease the unused bandwidth. However, the launch of satellite Bangabandhu- 1 by Bangladesh brings prospects and challenges as it is expected to help the country save foreign currency, while the challenges remain in effectively remain in the effectively running the venture.