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.
