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KT Corporation

ABS acquires Koreasat-3

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KT Corporation (KT) and Asia Broadcast Satellite (ABS) announced that they have completed their second successful transaction in less than 12 months with the execution of the agreement for the sale and purchase of the Koreasat-3 satellite. KT and ABS had earlier announced the successful completion of the sale and purchase of the Koreasat-2 satellite. The closing of the Koreasat-3 sale will occur upon the issuance of the necessary US governmental approvals. The Koreasat-3 satellite is a Lockheed … [Read more...] about ABS acquires Koreasat-3

ABS acquires Koreasat-3

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KT Corporation (KT) and Asia Broadcast Satellite (ABS) announced that they have completed their second successful transaction in less than 12 months with the execution of the agreement for the sale and purchase of the Koreasat-3 satellite. KT and ABS had earlier announced the successful completion of the sale and purchase of the Koreasat-2 satellite. The closing of the Koreasat-3 sale will occur upon the issuance of the necessary US governmental approvals. The Koreasat-3 satellite is a Lockheed … [Read more...] about ABS acquires Koreasat-3

Asia Broadcast Satellite to acquire Koreasat-2

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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

Asia Pacific Gateway consortium to build submarine cable system

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Singapore – A consortium comprising major Asian telecommunications companies have agreed to jointly plan and develop a proposal to build the Asia-Pacific Gateway (APG), an international submarine cable system in the Asia Pacific region. The list of major telcos in the APG consortium include StarHub (Singapore), Chunghwa Telecom (Taiwan), China Telecom (Mainland China), China Unicom (Mainland China), KT Corporation (Korea), NTT Communications (Japan), PLDT (the Philippines), Telekom … [Read more...] about Asia Pacific Gateway consortium to build submarine cable system