CITIC Group and The Carlyle Group, operating through subsidiaries, proposed June 24 to pay 1.022 billion Hong Kong dollars ($130.8 million) to buy the 25.57 percent of shares they don’t already own.
Hong Kong-based fleet operator AsiaSat reported a third year of increased revenue, but warned that the C-band spectrum it uses for television broadcasts is now under threat in several of its markets.
Satellite operators in Asia say the debate over C-band in the United States is triggering similar discussions in their markets, causing concern that cellular operators could end up in control of the spectrum in other parts of the world.
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.
International Launch Services completed its third and final 2017 commercial Proton mission today, launching the AsiaSat-9 telecommunications satellite from the Baikonur Cosmodrome.
Hong Kong-based fleet operator AsiaSat will soon order a “modest”-size high-throughput satellite (HTS) that will leverage the company’s access to the Chinese market, Barrie Woolston, AsiaSat’s chief commercial officer, said Sept. 14.
Israeli satellite operator Spacecom has begun offering telecom services with a satellite it borrowed from AsiaSat in December to fill the void left by the loss of Amos-6, the operator said today.
Satellite fleet operator AsiaSat of Hong Kong on Aug. 17 reported flat revenue for the six months ending June 30 despite increased business in China following Chinese government regulatory approvals.
Satellite fleet operator AsiaSat on March 16 reported lower revenue for 2015 and told investors to expect more heavy weather this year as the regional bandwidth-capacity glut continues to force down transponder prices.
Asian satellite fleet operators on Oct. 27 said their market faces the dual challenge of a slow-growing demand for traditional satellite applications and a still-growing number of national operators whose governments care about flags in space and not about market economics.
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.
Asian satellite fleet operators spent much of the first half of the CASBAA Satellite Industry Forum worrying about a growing overcapacity in their region.