China’s presumed ambition to snatch up satellite spectrum by purchasing struggling satellite operators around the world was one of the hottest topics at this years APSCC conference, despite the absence of the Chinese government.
Satellite fleet operator APT Satellite Holdings of Hong Kong has created a joint venture with mainland Chinese institutions to launch a global mobile broadband satellite network aimed principally at the aeronautical and maritime markets, APT said July 23.
Telesat and APT Satellite Co. have agreed to divide the cost of a new satellite to replace their jointly owned Telstar 18/Apstar-5 a successor to built by Space Systems Loral and launched in early 2018.
Under the contract, a Chinese Long March 3B rocket will place Apstar-6C into geostationary transfer orbit in the first half of 2018.
Asian satellite fleet operators spent much of the first half of the CASBAA Satellite Industry Forum worrying about a growing overcapacity in their region.
Satellite fleet operator APT Satellite Holdings reported higher revenue but lower pretax profit in 2014 as it made profitable use of a borrowed Chinese satellite but was obliged to reduce prices given the oversupply in the Asia-Pacific.