The agreement is in respect to the use of AsiaSat’s in-orbit satellite AsiaSat 8, which will be relocated to an orbital slot as agreed with Spacecom
AsiaSat has entered into a transponder service agreement with SpaceCommunication Ltd. The agreement is in respect to the use of AsiaSats in-orbit satellite AsiaSat 8, which will be relocated to an orbital slot as agreed with Spacecom. Exclusive rights to use all Ku-band transponders on AsiaSat 8 will be granted to Spacecom for a minimum of four years for the provision of commercial satellite communications services. AsiaSat will continue to be responsible for the satellites tracking, telemetry and control functions.
The service term is expected to commence from the first quarter of 2017 subject to necessary regulatory approvals and satisfactory testing after the relocation. AsiaSat expects that Spacecom will become one of its top customers in terms of revenue contribution once the service term commences.
Andrew Jordan, President & CEO of AsiaSat, said, We welcome Spacecom as our latest customer. AsiaSat 8s superior performance offers an ideal fit for Spacecoms needs. We look forward to growing this strong partnership in the years to come.
David Pollack, CEO and president of Spacecom, said, “We are glad to strengthen our connection with AsiaSat. AsiaSat 8 satellite enables us to continue serving our customers at 4W orbital location following the end of life of AMOS-2 and provide them with additional capacity and services.