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Article: PLDT eyes new satellite service providers
- Article from:
- The Manila Times
- Article date:
- August 6, 2009
- Author:
CopyrightCopyright Content Parnership Pty Ltd Aug 6, 2009. Provided by ProQuest LLC. (Hide copyright information)
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PHILIPPINE Long Distance Telephone Co. (PLDT) said it is in talks with two satellite providers after its existing one filed for bankruptcy in the US.
"We need a satellite operator to reach our subscribers; otherwise we can't hit 99 percent of the subscribers," Napoleon Nazareno, PLDT president, said.
He said Mabuhay Satellite Corp.'s (MSC) Agila 2 satellite reaches its end-of-life sometime between 2010 and 2011. MSC is a PLDT subsidiary.
Earlier, PLDT said it paid $27.5 million for the use of C-band transponders on the ProtoStar 1 Satellite from 2011 to 2017. ProtoStar Satellite Systems Inc. and its affiliates ProtoStar I Ltd., ProStar II Ltd., ProtoStar Asia Pte. Ltd. each filed ...