China Satcom ’09 Revenue Rose by Nearly 16 Percent
China’s principal satellite fleet operator, China Satcom, reported a 15.7 percent increase in revenue in 2009 from its five in-orbit satellites, the company said. Four satellites are on order with a fifth, now under contract negotiations, to be ordered soon.
Beijing-based China Satcom revenue in 2009 totaled 930 million yuan, or $136 million at year-end exchange rates, China Satcom Vice President Yao Fahai said in an e-mail message. The revenue level places China Satcom in 14th place for 2009 in the Space NewsTop Fixed Satellite Service Operators annual rankings.
China Satcom in 2009 was merged into China Aerospace Corp. (CASC). The company includes the former satellite assets of China DBSat.