Thursday, August 13, 2009

Thaicom to launch broadband satellite Internet service in India

August 13th, 2009 - 14:17 UTC by Andy Sennitt

Thailand’s leading satellite operator, Thaicom PCL, said today it expects to launch a high-speed Internet service in India via its broadband satellite IPSTAR by the end of this year. The company should start booking revenue from the Indian market in the fourth quarter, and an IPSTAR service in China should be relaunched soon, Chief Financial Officer Tanadit Charoenchan told reporters.

The Indian market, accounting for about 17 percent of IPSTAR’s capacity, is the second largest after China, where operations have stalled. But Thaicom has already made an agreement with new partner China Telecom, which should help stimulate revenue growth in the second half of 2009, Tanadit said.

IPSTAR has a capacity of 45 gigabytes per second and provides high-speed Internet and telecommunications services. Thaicom was founded by former Prime Minister Thaksin Shinawatra. His relatives sold their controlling stake in Shin Corp, which owns 41 percent of Thaicom, to Singapore’s Temasek Holdings.

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