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Microcap & Penny Stocks : Globalstar Telecommunications Limited GSAT

GSAT 68.31

+4.9%

Dec 4 3:59 PM EST

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To: Jeff Vayda who wrote (5699)	7/14/1999 9:48:00 AM
From: Jeff Vayda	Read Replies (1) of 29987

All: some distressing news from India - it would appear that they are not yet ready to support me in my prediction that they will be a sleeper in the G*/Loral revenue reports. :-( INDIA IMPOSES STIFF TAX ON MOBILE SATELLITE REVENUES The imposition of 16 per cent licence fee on gross airtime revenue as well as on handset sales by the federal Department of Telecommunications (DOT) have severely affected satellite mobile telephony projects coming up in India. VSNL-ICO as well as the Iridium projects have been hit by unfavourable licence terms imposed by DOT. The VSNL-ICO combine had shortlisted nine Indian companies, mostly cellular operators, for selecting the Indian partners for the proposed marketing and distribution company but had not been able to progress further due to unrealistic licence terms. The shortlisted companies included BPL Cellular, Essar Telecom, Reliance Telecom, Bharti Cellular and Koshika. [Asia Pulse May 24, 1999] Ku-BAND TRANSPONDER PRICES FOR INDIA DROP SHARPLY Prices of KU-band transponders have fallen sharply due to a delay in the India government's decision to allow to direct-to-home television broadcast and increase in the availability of transponders. KU-band transponders are now available on lease as cheap as $2-2.50 million per annum, a drop of nearly 50 per cent over the prices prevalent last year. The capacity available in the satellite market is many times more than the current demand. Most of the satellite companies present in the Asian market had pinned their hopes on opening up of KU-band DTH broadcasting in India. However, with the Indian government not taking any decision on this issue, there is overcapacity of KU-band transponders in the market. STAR TV is believed to have hired transponders on AsiaSat-3, one of the sought after satellites, for around $2.5 million per transponder per annum which is lower than $3 million per transponder paid by it for AsiaSat-1. STAR TV's decision to go in for termination of its Ku-band transponders lease agreement with PanAm Satellite and pay penalty for premature closure of the contract was taken in view of the falling lease prices. STAR was paying over $20 million for seven transponders. STAR now plans to hire Ku-band transponder only after the Indian government takes a final decision to open up DTH broadcasting. Satellites such as Apstar are available for lower than $2.5 million. Sony's AXN channel and some regional channels are being beamed on Apstar which is not a hot property with satellite television broadcasters as cable operators have to install a separate dish to catch its signals. [Financial Express June 30, 1999] Jeff Vayda

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