The National Broadband Network Co (NBN Co) has announced it has secured a contract with Arianspace to launch its satellites into orbit in 2015.

NBN Co announced that the European satellite launch company had secured the $300 million contract following a two-year procurement process.

The satellites will provide internet services to up to 200,000 homes, farms and businesses in remote parts of the country that cannot be covered by the fibre or fixed-wireless rollout.

 "The NBN satellite service is key to bridging the divide between the city and the bush. It will give people in the outback, remote regions and Australia's overseas territories access to economic and social opportunities that the rest of us take for granted,” NBN Co’s CEO Mike Quigley.

"Just as importantly, the NBN is helping to foster real competition in communications in the bush. That drives affordable prices for consumers.”

The agreement will see the two purpose-built communications satellites, currently in construction in California, delivered into geostationary by two 777 tonne Ariane 5 heavy-lift rockets.

The two launches from Europe's spaceport in French Guiana, situated on the equator on the North Atlantic coast of South America, are scheduled during 2015.