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Bangkok (AFP) Apr 25, 2006 Thailand's Shin Satellite said Tuesday it has sealed a deal to provide broadband Internet services to China through the company's iPSTAR satellite. "The deal has been clinched and we are waiting for another license from China's Ministry of Information Industry, also our project partner, to launch the services to the Chinese clients," ShinSat's investor relations director Richard Jones told AFP. ShinSat, which is owned by Thai telecom giant Shin Corp, offers telephone, Internet, television and other communication services. The company has already built a satellite gateway in Beijing that will begin providing Internet services to clients in May. Two more gateways are planned in Shanghai and Guangzhou. The expenses fall under the company's overall budget to develop iPSTAR, which is 405 million dollars, Jones said. "The Chinese government has targeted a maximum of one million satellite users in the next few years, which is also our target to achieve within the 16-year-contract of our license," said Jones. The service costs about 1,000 dollars a year in China, and would bring in revenues of one billion dollars a year if the company meets its target. The new service will target clients in remote areas of China which are not covered by other high-speed Internet services, Jones added. ShinSat already offers broadband satellite services in Southeast Asia, as well as Australia and New Zealand. Services in Vietnam are set to be launched late this week. In addition to iPSTAR, ShinSat operates three conventional satellites that offer telephone services and expects next month to launch another one, dubbed Thaicom 5, Jones said. Shin Corp, founded by Thailand's outgoing prime minister Thaksin Shinawatra, was taken over by Singapore's state-owned fund Temasek for 3.8 billion dollars. It holds 96.12 percent of the company. Included in the buyout was a 1.9 billion dollar payment for a stake of almost 50 percent in Shin Corp which was held by Thaskin's family. The deal, including ShinSat, has raised concerns that the Shin Corp could allow the city-state to eavesdrop on Thailand with the company's satellites. The sale sparked street protests against Thaksin, which helped drive him from office earlier this month.
Source: Agence France-Presse Community Email This Article Comment On This Article Related Links Shin Satellite iPSTAR International Site Satellite-based Internet technologies
Internet TV Coming Of Age
Washington (UPI) Apr 25, 2006The jury is still out on whether Internet television is the next best thing in cyberspace or simply a buzzword that will fizzle out. |
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