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A Geosynchronous or Geostationary satellite. The orbit period of a satellite will be longer the further it is away from the planet, so these have to be quite far away to match the rotation period of the earth. They orbit the earth once every 24 hours, so stay in the same apparent position when 'seen' from earth. This means that satellite dishes receiving signals from it can remain still, pointing in one direction rather than having to track it across the sky - a big advantage.

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