Space TV,( a DiviCom customer)............................
dbsdish.com
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Loral Skynet Announces Agreement with Space TV Systems of Taiwan
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BEDMINSTER, NJ <Loral Skynet announced that Space TV Systems, Inc., of Taiwan,
has signed an agreement to lease one 54 MHz, Ku-band transponder on the Telstar 4
satellite to distribute Chinese television programming throughout North America. The
agreement is valued at $20 million over 10 years
We are extremely pleased that Space TV will distribute their programming through the
Telstar satellite fleet. This demonstrates the high level of confidence that global
companies have in the new Loral Skynet," said Terry Hart, president of Loral Skynet.
"This agreement is a significant step forward in Loral Skynet's dedication in becoming a
preeminent force in the world marketplace."
Loral Skynet will distribute eight channels of digital, direct-to-home satellite service for
Space TV Systems, Inc. The programming will be tailored for the Chinese community in
North America.
"We anticipate that the strong relationship between Space TV Systems, Inc. and Loral
Skynet will expand to include other global projects," said Harley Shuler, Loral Skynet's
Director, International Sales. Based in Bedminster, NJ, Loral Skynet is a leading U.S.
satellite communications service provider that owns and operates the Telstar satellites.
Loral Skynet's customers lease transponder capacity to distribute network television
programming to local affiliate stations, collect live video feeds for the reporting of news
and sporting events, and to offer direct-to-home subscription and pay-per-view television
programming, distance learning and educational and other business television services.
In addition to Telstar 4 and the recently launched Telstar 5, which provides C-band and
Ku-band coverage over the continental U.S., Hawaii, Alaska, Puerto Rico and the U.S.
Virgin Islands, Loral Skynet's vigorous growth plan includes future launches of Telstar 6,
7, 8 and 9. Telstar 6 and Telstar 7, two high-powered satellites being built by Space
Systems/Loral, are expected to be in service in 1998 and 1999, respectively. Loral
Skynet, celebrating the 35th anniversary of the inaugural Telstar 1 satellite, provides
technical consulting, as well as tracking, telemetry, and control of satellite fleets for a
wide variety of customers. The company operates state-of-the-art satellite earth stations
in Hawley, Penn., and in Three Peaks, Calif. Its main satellite operations center and its
transponder booking center reside at its Hawley, Penn. facility.
Loral Skynet is a subsidiary of Loral Space & Communications Ltd., a high-technology
company headquartered in New York City, that concentrates on satellite manufacturing
and satellite-based services. Its soon-to-be wholly owned subsidiary, Space
Systems/Loral, is a premier manufacturer of commercial communications and weather
satellites. Loral manages and holds a 38% equity interest in the global, mobile
satellite-based telephony system, Globalstar(tm), scheduled for service initiation in late
1998. Loral also is the developer of CyberStar(tm), a geostationary satellite-based, open
protocol, digital telecommunications system that will offer a variety of low-cost,
high-speed, data and telecommunications services worldwide from leased Ku-band
transponders satellites beginning in late 1997, and through a dedicated constellation of
geosynchronous Ka-band satellites beginning in 1999. |
