AsiaSat seeks US$306m financing from US Export-Import Bank

AsiaSat seeks US$306m financing from US Export-Import Bank

The Hong Kong-based company, whose major shareholders are Citic Pacific and General Electric, plans to use the funds for the construction and launch of two new satellites, AsiaSat 6 and AsiaSat 8.

Saturday, 2 March, 2013, 4:17am

Cost cuts help AsiaSat lift profit 11pc

Asia Satellite Telecommunications Holdings, part-owned by Citic Group, saw a 10.9 per cent growth in net profit last year, thanks to lower costs and higher interest income.

Net profit rose to HK$502.9 million from HK$453.4 million a year ago, despite a gain of just 1 per cent in sales to HK$939.3 million as operating expense fell 12.5 per cent to HK$182 million.

13 Mar 2008 - 12:00am

AsiaSat may seek delisting in New York

Asia Satellite Telecommunications Holdings said it might delist from the New York Stock Exchange, a month after its largest shareholders failed to take the firm private because of a veto by the United States government.

19 May 2007 - 12:00am

Bid to buy out AsiaSat seen by US as resale of restricted technology

The United States Department of State vetoed the joint HK$2.3 billion privatisation bid from state-owned Citic Group and a unit of General Electric for Asia Satellite Telecommunications Holdings because it was considered a resale of restricted technology, AsiaSat's chief executive disclosed yesterday.

1 May 2007 - 12:00am

AsiaSat still keen to go private despite US rebuff

Asia Satellite Telecommunications Holdings, which on Tuesday failed to get approval from the United States Department of State to privatise, said its shareholders might seek another privatisation in the future although getting US approval would still be necessary.

26 Apr 2007 - 12:00am

US blocks AsiaSat plans to go private

Buyout raises concern over technology transfer

Asia Satellite Telecommunications Holdings, which operates three satellites covering the region, said the United States Department of State had refused to approve a privatisation plan proposed by AsiaCo, a joint venture between China's State Council-controlled Citic Group and GE Capital Equity Investments of the US.

25 Apr 2007 - 12:00am

Business loses as Bush bars Citic-GE bid for AsiaSat

The Bush administration's decision to stop a General Electric subsidiary from teaming up with state-owned Citic Group to privatise Asia Satellite Telecommunications Holdings is the latest in a long line of mainland-related deals that the United States has blocked for political reasons.

25 Apr 2007 - 12:00am

Launch a new career in communications

A unique opportunity to work for one of Hong Kong's two satellite operators has just appeared on the radar.

Asia's leading regional satellite operator, AsiaSat, wants to hire an assistant manager of customer affairs for its China office to help with the group's increasing activities on the mainland.

26 Feb 2005 - 12:00am

AsiaSat sees slight rise

Asia Satellite Telecommunications Holdings (AsiaSat) recorded a net profit of HK$279.82 million in the six months to June 30, up 0.6 per cent from HK$278.05 million in the same period last year. Turnover fell 0.4 per cent from HK$480.53 million to HK$478.78 million. An interim dividend of 0.06 HK cents was recommended.

23 Aug 2002 - 12:00am

AsiaSat lifts SpeedCast stake

Asia Satellite Telecommunications (AsiaSat) will inject US$4 million worth of cash and assets into the broadband enabler and service provider SpeedCast, raising its stake in the venture from 36.5 to 45.3 per cent.

24 May 2002 - 12:00am

AsiaSat registers decline

Regional satellite operator Asia Satellite said net profit fell 2 per cent to HK$562.98 million on turnover of HK$969.45 million for the year to December 31 last year. The result was at the top end of market expectations. The overall transponder utilisation rate for AsiaSat 2 and AsiaSat 3C was maintained at 65 per cent.

15 Mar 2002 - 12:00am

AsiaSat to report results

Regional satellite operator Asia Satellite is expected to report a 4.85 per cent drop in full-year net profit to HK$548.36 million today, according to Thomson Financial First Call. That compares with a net profit of HK$576 million on a turnover of HK$997.4 million for the year to December 31, 2000.

14 Mar 2002 - 12:00am

Satellite building starts

Asia Satellite Telecommunications has begun building its fourth satellite for an expected launch in the first half of 2002. Part of the capacity on AsiaSat 4 is expected to be used by broadcasters to offer direct-to-home services in Hong Kong. The satellite operator provides services to the broadcast and telecommunications industry.

8 Sep 2000 - 12:00am

New broadband from AsiaSat

Asia Satellite Telecommunications (AsiaSat) plans to unveil a broadband satellite-delivered Internet service in conjunction with a joint-venture partner, according to company spokesman Winnie Pang.

The joint venture will be based in Hong Kong and will mostly sell wholesale capacity to corporations and Internet service providers, Ms Pang said.

28 Mar 2000 - 12:00am