Measat buys telecom satellite for Asia

Nov 11, 2005

Measat Global has purchased a namesake satellite from Orbital sciences for telecom coverage of Malaysia, Indonesia and points as far away as the Middle East.

A report in Malaysia's Edge Daily said Friday the transaction for the Measat-1R spacecraft was valued at nearly $70 million and would give Measat C and Ku-band coverage and 36 Megahertz of bandwidth for 15 years.

Company officials said in a news release that the deal was prompted by growing demand for leasing on the Measat-3 satellite and the looming need to replace Measat-1.

"Measat is experiencing strong demand for satellite services at our key 91.5E orbital location," said Measat Director Tun Hanif Omar, who estimated that 2 million satellite antennae in the Asia Pacific region were fixed on that point in the sky.

Measat-1R will be located adjacent to Measat-3 at the 91.5 location and become operational at a date that was not revealed.

Copyright 2005 by United Press International

Explore further: Apple's fiscal 3Q earnings top analyst forecasts

add to favorites email to friend print save as pdf

Related Stories

Fox bid for Time Warner sparks content merger race

6 hours ago

Even though Rupert Murdoch's $76 billion bid for rival media giant Time Warner Inc. has been rejected, that doesn't mean how you watch TV shows and movies will stop changing any time soon.

BlackBerry stock falls after Apple-IBM deal

6 hours ago

Blackberry stock fell sharply Wednesday, one day after the announcement of a landmark deal between rivals Apple and IBM to offer custom-tailored apps for businesses.

Comet ISON's dramatic final hours

7 hours ago

(Phys.org) —A new analysis of data from the ESA/NASA Solar and Heliospheric Observatory (SOHO) spacecraft has revealed that comet 2012/S1 (ISON) stopped producing dust and gas shortly before it raced past ...

Recommended for you

Social Security spent $300M on 'IT boondoggle'

11 minutes ago

(AP)—Six years ago the Social Security Administration embarked on an aggressive plan to replace outdated computer systems overwhelmed by a growing flood of disability claims.

Cheaper wireless plans cut into AT&T 2Q profit

14 minutes ago

(AP)—AT&T posted lower net income for the latest quarter due to cheaper cellphone plans it introduced as a response to aggressive pricing from smaller competitor T-Mobile US.

Facebook shares profit growth story

19 minutes ago

Facebook on Wednesday reported that is quarterly profit more than doubled amid big gains in ad revenues and a jump in users.

Six charged in global e-ticket hacking scheme

47 minutes ago

Criminal charges were filed Wednesday against six people in what authorities said was a global cyber-crime ring that created fraudulent e-tickets for major concerts and sporting events.

User comments : 0