Amid tensions in Asia-Pacific, State Dept. calls attention to big-ticket sales of U.S. missiles, aircraft to Japan, South Korea
From 2000 to 2017, the U.S. government contracted more than $26 billion in foreign military sales to the Republic of Korea, including advanced combat aircraft and missile defense systems.
Satellite fleet operator AsiaSat of Hong Kong reported a 6 percent increase in revenue for 2017, bolstering the company’s claim that Asia’s demand for broadcast and connectivity services is strong enough to gradually overcome a regional oversupply of satellite capacity.
Satellite fleet operator Thaicom’s revenue fell by $60 million last year, a nearly 23 percent decline the regional operator blamed on a slowdown in Thailand’s broadcast sector.
Television broadcasters in Asia on Oct. 4 said their linear-TV business is not under immediate threat from over-the-top (OTT) Internet delivery services such as Netflix and Hulu.
AsiaSat blamed market conditions and slow licensing approvals for two new satellites for an 8 percent sales drop for the six months ending June 30.