GS Zhou
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Thaicom's subsidiary conducts a new satellite project to serve business partner in broadband and mobility services for Asia Pacific
Nonthaburi, Thailand, 21 October 2016 – Thaicom Public Company Limited announced that its subsidiary, International Satellite Company Limited (ISC) has entered into a satellite procurement contract with China Great Wall Industry Corporation (CGWIC), China’s leader in satellite construction and commercial launch services.
The Company has been entrusted to conduct a new satellite project for a business partner. The satellite will be operated under license and orbital slot of the partner. The partner will provide the Company with advanced service fees which will serve as the source of funding for the construction of the satellite, and this project is expected to contribute to increased revenue for the Company.
The satellite project is valued at approximately 208 million USD, or 7,280 million baht (based on
the Bank of Thailand’s average exchange rate for October 2016 of 35 baht to 1 USD). The satellite
is designed to carry 37 GHz of Ka-band capacity, equivalent to 53 Gbps. With a 15-year lifetime
and a service footprint covering China Mainland, Hong Kong, Taiwan, South Korea, Japan, Malaysia,
Singapore, the Philippines, Vietnam, Laos, Cambodia, and Thailand, the satellite will strengthen
broadband and mobility services in the Asia Pacific region. The satellite is expected to be completed
around the end of the year 2019.
http://sitwebsites.blob.core.windows.net/thaicom-news/20161021-thcom-news1-en.pdf
Nonthaburi, Thailand, 21 October 2016 – Thaicom Public Company Limited announced that its subsidiary, International Satellite Company Limited (ISC) has entered into a satellite procurement contract with China Great Wall Industry Corporation (CGWIC), China’s leader in satellite construction and commercial launch services.
The Company has been entrusted to conduct a new satellite project for a business partner. The satellite will be operated under license and orbital slot of the partner. The partner will provide the Company with advanced service fees which will serve as the source of funding for the construction of the satellite, and this project is expected to contribute to increased revenue for the Company.
The satellite project is valued at approximately 208 million USD, or 7,280 million baht (based on
the Bank of Thailand’s average exchange rate for October 2016 of 35 baht to 1 USD). The satellite
is designed to carry 37 GHz of Ka-band capacity, equivalent to 53 Gbps. With a 15-year lifetime
and a service footprint covering China Mainland, Hong Kong, Taiwan, South Korea, Japan, Malaysia,
Singapore, the Philippines, Vietnam, Laos, Cambodia, and Thailand, the satellite will strengthen
broadband and mobility services in the Asia Pacific region. The satellite is expected to be completed
around the end of the year 2019.
http://sitwebsites.blob.core.windows.net/thaicom-news/20161021-thcom-news1-en.pdf