Website www.asiasat.com Headquarters Hong Kong | Founded February 1988 | |
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Industry Satellite communication CEO William Wade (1 Aug 2010–) Stock price 1135 (HKG) HK$ 9.50 0.00 (0.00%)24 Feb, 4:00 PM GMT+8 - Disclaimer Profiles | ||
Asia Satellite Telecommunications Co. Ltd. (commonly AsiaSat, SEHK: 1135) is a commercial operator of communication spacecraft. AsiaSat is based in Hong Kong with two major shareholders, CITIC (34.8 per cent) and Carlyle Asia Partners IV, L.P. (34.1 per cent).
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Proton rocket launches asiasat 5 satellite from baikonur
History
In December 2013, AsiaSat commissioned AsiaSat 9—to be built by Space Systems/Loral—originally intending it to be launched in Q2 2017 in order to replace AsiaSat4 at 122 degrees east.
In early 2015, AsiaSat reported a nine percent revenue drop, and a 27 percent drop in contracts, pointing to a regional oversupply of satellite communication services in the Asian regions it serves. At that time, AsiaSat had four commsats in operation and had recently launched two more—AsiaSat 6 and AsiaSat8—which had added 22 percent additional bandwidth capacity into the shrinking market. Although revenues were down just nine percent—to HK$1365 billion—2014 profits declined by 25 percent over 2013, to HK$559 million.
Launch history and future plans
This is a list of AsiaSat satellites, both launched and planned for future launch.