Mabuhay Satellite Corporation (MSC) and Asia Broadcast Satellite (ABS) announced that they have signed an agreement for the sale and purchase of the business of MSC. The closing of the transaction will occur upon the issuance of the necessary regulatory US governmental approvals. MSC’s Agila-2 satellite is a Space Systems/Loral FS-1300 spacecraft launched in August 1997. The satellite has a payload consisting of 24 Standard C-Band and 6 Extended C-Band transponders covering Asia from India to Philippines, Japan to Indonesia, and a C-band spot beam over Hawaii to provide connectivity to the USA. It also has 24 Ku-band transponders covering the Philippines, Coastal China, Taiwan, and Hong Kong providing capacity for TV distribution, DTH and VSAT services. “The acquisition of MSC is very strategic for ABS because of the many synergies it creates in combining MSC’s range of applications, operational expertise and business relationships with our future growth and long term objectives. ABS will maintain all of Mabuhay’s operations in the Philippines and the staff will be integrated with the ABS team”, said Tom Choi, CEO of Asia Broadcast Satellite.