KT Corporation and Asia Broadcast Satellite (ABS) announced that they have signed the sale and purchase of the Koreasat-2 satellite. The closing of the sale will occur upon the issuance of the necessary US governmental approvals. The Koreasat-2 satellite is a Lockheed Martin G3000 spacecraft launched in January 1996. The satellite has a Ku-band payload with 16 x 36MHz FSS Ku-band transponders and 6 x 27MHz DBS Ku-band transponders. As a result of the transaction, the Koreasat-2 will be renamed … [Read more...] about Asia Broadcast Satellite to acquire Koreasat-2