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AsiaSat

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Hong Kong-based commercial operator of communications satellites
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(December 2018) (Learn how and when to remove this message)

Asia Satellite Telecommunications Holdings
Company typePrivate
IndustryCommunications satellite
Founded1988[1]
Headquarters
  • Hong Kong (de facto)
  • Bermuda (registered office)
BrandsAsiaSat
RevenueIncreaseHK$1.354 billion[2]: 62  (2017)
Increase HK$642 million[2]: 62  (2017)
Decrease HK$397 million[2]: 62  (2017)
Total assetsDecrease HK$7.401 billion[2]: 63  (2017)
Total equityIncrease HK$3.353 billion[2]: 63  (2017)
OwnerCITICCarlyle consortium (74.43%)
ParentBowenvale
Websitehttps://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 The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.[4]

History

[edit]

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.

Shareholders

[edit]

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]

Launch history and future plans

[edit]

This is a list of satellites owned and operated by AsiaSat.

AsiaSat satellites
SatelliteLaunch Date
(UTC)
RocketLaunch SiteContractorLongitudeStatusNotesRef.
AsiaSat 17 Apr 1990ChinaLong March 3ChinaXichang, LC-3ChinaCASCDecommissionedLaunched 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 228 Nov 1995ChinaLong March 2EChinaXichang, LC-2ChinaCASC100.5° EastDecommissioned
AsiaSat 324 Dec 1997RussiaProton-K /DM-2MKazakhstanBaikonur,Site 81/23United StatesILS105.5° East (intended)
158° West (1998–1999)
62° West (1999–2002)
DecommissionedTransferred to Hughes Global Services (HGS)
AsiaSat 3S21 Mar 1999RussiaProton-K /DM-2MKazakhstanBaikonur,Site 81/23United StatesILS147.5° EastDecommissionedReplaced AsiaSat 1 on 8 May 1999 and was replaced by AsiaSat 7[8]
AsiaSat 412 Apr 2003United StatesAtlas IIIBUnited StatesCape Canaveral,LC-36BUnited StatesILSRelocated to a designated orbital position in November 2017In Service[9]
AsiaSat 511 Aug 2009RussiaProton-M /Briz-MKazakhstanBaikonur,Site 200/39RussiaKhrunichev100.5° EastIn ServiceA replacement satellite for AsiaSat 2[10]
AsiaSat 6 /Thaicom 77 Sep 2014United StatesFalcon 9 v1.1United StatesCape Canaveral,SLC-40United StatesSpaceX120° EastIn Service[11]
AsiaSat 725 Nov 2011RussiaProton-M /Briz-MKazakhstanBaikonur,Site 200/39RussiaKhrunichev105.5° EastIn ServiceReplaced AsiaSat 3S at the orbital location of 105.5° East.[12]
AsiaSat 85 Aug 2014United StatesFalcon 9 v1.1United StatesCape Canaveral,SLC-40United StatesSpaceX4° WestIn ServiceAsiaSat satellite with multiple Ku beams.[13]
AsiaSat 928 Sep 2017RussiaProton-M /Briz-MKazakhstanBaikonur,Site 200/39RussiaKhrunichev122° EastIn ServiceReplaced AsiaSat 4 at 122° East.[14]

See also

[edit]

References

[edit]
  1. ^"AsiaSat". Space Data Association. 12 January 2021. Retrieved27 March 2023.
  2. ^abcdefgh"2017 Annual Report"(PDF). Asia Satellite Telecommunications Holdings. 27 April 2017. Retrieved26 July 2017.
  3. ^ab"List of Red Chip Companies (Main Board)". Hong Kong Exchanges and Clearing. 30 November 2018. Retrieved6 December 2018.
  4. ^abHenry, Caleb (23 September 2019)."AsiaSat shareholders accept privatization offer".Spacenews.com.
  5. ^de Selding, Peter B. (27 March 2015)."AsiaSat Results Reflect Troop Withdrawals, Capacity Glut". SpaceNews. Retrieved29 March 2015.
  6. ^【權益變動】亞洲衛星(01135-HK)遭基金減持9.35萬股 涉資60.3萬.finet.hk (in Chinese (Hong Kong)). Hong Kong: Financial Holdings Limited. 30 May 2018. Retrieved7 December 2018.
  7. ^【權益變動】亞洲衛星(01135-HK)獲International Value增持464萬股.finet.hk (in Chinese (Hong Kong)). Hong Kong: Financial Holdings Limited. 19 November 2018. Retrieved7 December 2018.
  8. ^"AsiaSat 3S". AsiaSat. Archived fromthe original on 18 January 2014. Retrieved7 January 2014.
  9. ^"AsiaSat 4". AsiaSat. Archived fromthe original on 7 December 2013. Retrieved7 January 2014.
  10. ^"AsiaSat 5". AsiaSat. Archived fromthe original on 23 October 2013. Retrieved7 January 2014.
  11. ^"AsiaSat 6". AsiaSat. Archived fromthe original on 7 December 2013. Retrieved7 January 2014.
  12. ^"AsiaSat 7". AsiaSat. Archived fromthe original on 7 December 2013. Retrieved7 January 2014.
  13. ^"AsiaSat 8". AsiaSat. Archived fromthe original on 7 December 2013. Retrieved7 January 2014.
  14. ^Bergin, Chris (28 September 2017)."ILS Proton M successfully launches AsiaSat-9". Retrieved28 September 2017.

External links

[edit]
AsiaSat satellites
Future spacecraft initalics.
Earth observation
Communication and engineering
Data relay satellite system
Satellite navigation system
Astronomical observation
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