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Company type | Private |
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Industry | Communications satellite |
Founded | 1988[1] |
Headquarters |
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Brands | AsiaSat |
Revenue | ![]() |
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Total assets | ![]() |
Total equity | ![]() |
Owner | CITIC –Carlyle consortium (74.43%) |
Parent | Bowenvale |
Website | https://www.asiasat.com/ |
Footnotes / references inconsolidated financial statement[2] |
Asia Satellite Telecommunications Company Limited (AsiaSat) is a Hong Kong–based commercial operator of communications satellites founded in 1988. It is a wholly-owned subsidiary of Asia Satellite Telecommunications Holdings Limited (AsiaSat Holdings), which is incorporated in Bermuda.
AsiaSat Holdings is jointly owned by Chinese state-ownedCITIC Limited and private equity fundThe Carlyle Group L.P. indirectly. It had a market capitalisation ofHK$2 billion on 30 November 2018.[3] It was ared chip company of the stock exchange.[3] On 23 August 2019, the take private proposal scheme was approved by AsiaSat Holdings' public shareholders, followed by the approval of the Bermuda Court on 3 September 2019, whereupon The company became a private wholly owned subsidiary of Bowenvale Limited, a joint venture of CITIC and Carlyle. The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.[4]
In September 2017, AsiaSat 9, AsiaSat's latest satellite built bySpace Systems/Loral[5] was successfully launched and replacedAsiaSat 4 at 122° East.
AsiaSat owns and operates seven satellites, including AsiaSat 3S, AsiaSat 4, AsiaSat 5, AsiaSat 6, AsiaSat 7, AsiaSat 8 and the new AsiaSat 9.
As of 31 December 2017[update], the direct parent company, Bowenvale Limited, owned 74.43% shares; Bowenvale was jointly owned byCITIC Limited andThe Carlyle Group LP in a 50–50 ratio.[2]: 54 Standard Life Aberdeen plc was the second largest shareholder for 5.36%.[2]: 54 In May 2018, the ratio owned by Standard Life Aberdeen had decreased to 4.99%.[6] In November 2018, another private equity firm International Value Advisers owned 6.12% shares of AsiaSat.[7]
On 3 September 2019, following the approval of the privatisation plan by public shareholders, Asia Satellite Telecommunications Holdings Limited became a privately wholly owned subsidiary of Bowenvale Limited, which is now jointly owned by CITIC Group Corporation and Carlyle Asia Partners IV, L.P.[4]
This is a list of satellites owned and operated by AsiaSat.
Satellite | Launch Date (UTC) | Rocket | Launch Site | Contractor | Longitude | Status | Notes | Ref. |
AsiaSat 1 | 7 Apr 1990 | ![]() | ![]() | ![]() | Decommissioned | Launched asWestar 6 on Space Shuttle missionSTS-41B, became stranded in orbit, was retrieved by Space Shuttle missionSTS-51A in November 1984, sold to AsiaSat. | ||
AsiaSat 2 | 28 Nov 1995 | ![]() | ![]() | ![]() | 100.5° East | Decommissioned | ||
AsiaSat 3 | 24 Dec 1997 | ![]() | ![]() | ![]() | 105.5° East (intended) 158° West (1998–1999) 62° West (1999–2002) | Decommissioned | Transferred to Hughes Global Services (HGS) | |
AsiaSat 3S | 21 Mar 1999 | ![]() | ![]() | ![]() | 147.5° East | Decommissioned | Replaced AsiaSat 1 on 8 May 1999 and was replaced by AsiaSat 7 | [8] |
AsiaSat 4 | 12 Apr 2003 | ![]() | ![]() | ![]() | Relocated to a designated orbital position in November 2017 | In Service | [9] | |
AsiaSat 5 | 11 Aug 2009 | ![]() | ![]() | ![]() | 100.5° East | In Service | A replacement satellite for AsiaSat 2 | [10] |
AsiaSat 6 /Thaicom 7 | 7 Sep 2014 | ![]() | ![]() | ![]() | 120° East | In Service | [11] | |
AsiaSat 7 | 25 Nov 2011 | ![]() | ![]() | ![]() | 105.5° East | In Service | Replaced AsiaSat 3S at the orbital location of 105.5° East. | [12] |
AsiaSat 8 | 5 Aug 2014 | ![]() | ![]() | ![]() | 4° West | In Service | AsiaSat satellite with multiple Ku beams. | [13] |
AsiaSat 9 | 28 Sep 2017 | ![]() | ![]() | ![]() | 122° East | In Service | Replaced AsiaSat 4 at 122° East. | [14] |