Thursday, January 3, 2013

Thaicom, CTS, Synertone announce framework agreement for iPSTAR sales


Thaicom Pl, China Telecom Satellite (CTS,) and Synertone Communication Corporation (Synertone) have achieved a framework agreement that will allow Thaicom to sell iPSTAR satellite bandwidth in China.

According to the agreement, Thaicom will sell its China-dedicated iPSTAR capacity (which is about 24% of iPSTAR's total capacity) to Synertone. The Company will be assisted by CTS, Thaicom's official Chinese partner. They and Synertone are currently fine-tuning the agreement.

Thaicom will receive a share in the revenues of Synertone's bandwidth sales in the Chinese market. The satellite operator will also acquire an equity stake in Synertone.

Thanks to this new deal, iPSTAR bandwidth can be leveraged to provide both the private and government sector levels with mobile backhaul, educational projects, and a variety of other services and projects.

Thaicom CEO Suphajee Suthumpun explained that the Company has reached an important milestone for iPSTAR in the critical Chinese market. According to her, Thaicom, CTS, and Synertone will all benefit in various ways from the sale of iPSTAR bandwidth in China.

Thaicom's Chinese partner CTS will be able to expand satellite communications infrastructure throughout China. IPSTAR services and solutions will also give it the ability to quickly deliver services to underserved and un-served locations in the country.

As for Thaicom, the Company will have achieved one of its biggest goals through this deal. Thaicom will have surpassed the break-even point of iPSTAR now that it can deliver satellite capacity to customers in China through CTS and Synertone.