Television

Asiasat reports marginal decline in turnover

MUMBAI: Satellite operator Asia Satellite Telecommunications Holdings Limited (AsiaSat) has announced financial results for the year ending 31December 2002. It has reported a turnover of HK$951million which is a two per cent decline from the previous year.

According to an official statement, the operational highlights included:

- AsiaSat's in-orbit satellites continue to operate well. Transponder utilisation rates: 36 MHz C-band at 78 per cent and overall at 64 per cent at year end, even in a highly competitive and weak market

- The launch of AsiaSat 4 is imminent. It is anticipated to be in its final position of 122 degrees east by end of next month. It will be launched on an Atlas IIIB rocket from Cape Canaveral, Florida. The satellite successfully completed all its testing by mid-February 2003, prior to its shipment from Boeing's manufacturing plant in Los Angeles, California, to its launch site.

- New Tai Po Earth Station on schedule for operation in the second half of 2003.

AsiaSat chairman Mi Zengxin, was quoted as saying: "The future for AsiaSat in the region is bright, and for this reason we will remain focused on broadcast, rather than point-to-point, communications. Set against this positive background; with an increased client base; a new Earth Station; a new satellite; and no debt, AsiaSat is poised to grow as the region recovers. It has been difficult to achieve growth in the prevailing economic climate."

"However, our strategy, to expand through organic growth, and growth through acquisition and partnerships, remains unchanged. The company is financially robust and is well positioned to consider and seize any opportunities that arise, and to move ahead as soon as the economy recovers," Mi Zengxin added.

Mi also said: "Global trends show that, despite continually falling cable prices, demand for satellite capacity used for private multi-point networks continues to rise, and we believe that this will remain the case in Asia Pacific. "

The group continued to benefit from strong cash flow from its operations, and generated a net cash inflow of HK$270 million (2001: HK$27 million) after paying capital expenditure of HK$449 million (2001: HK$607 million). At the end of 2002, the group was debt free, states the release.

Upon completion of AsiaSat 4, the company will have incurred a total cost of approximately HK$1,747 million (US$224 million), including the insurance premium.

AsiaSat has stated that its proposed earth station reinforces the commitment to customers to provide the highest quality signals combined with unmatched reliability. The Earth Station will duplicate many of the circuits and facilities currently provided by the Stanley Earth Station, thereby significantly increasing the integrity of AsiaSat's services.

Latest Reads

http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/23/cricket.jpg?itok=vWpbjm7g
India News curates special programming for IPL 2019

As the cricket fever is rising up with 2019 Indian Premiere League (IPL) season 12, beginning from 23rd March, India News, one of India’s leading Hindi news channel curates special programming lineup for the IPL series under the umbrella branding of Jhamajham Cricket, the special cricket show...

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/23/newsx.jpg?itok=4AuZafA3
NewsX Special Shows on 23rd & 24th March

This weekend on NewsX - No Holds Barred, there will be two different episodes on Saturday & Sunday.

Television TV Channels News Broadcasting
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/23/suntv.jpg?itok=lyvk3caT
Sun TV Network rejigs top level management

Sun TV Network has been witnessing a top-level rejig, according to reports. R Mahesh Kumar, who currently serves as president, has been elevated as MD of the company, following the resignation of the network’s MD and CEO K Vijaykumar which is effective 31 March 2019.

Television TV Channels People
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/23/ipl.jpg?itok=IjULG8EO
Pakistan bans IPL telecast

The 12th edition of the Indian Premier League (IPL) that is slated to commence from today, 23 March 2019, will not be telecast in Pakistan, confirmed the country’s Minister of Information and Broadcasting (MIB) Fawad Ahmed Chaudhry.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/22/flix.jpg?itok=fXl6Z3FF
Watch the hair-raising sequel ‘Insidious: The Last Key’ this Saturday only on &flix!

What happens when the horrors of your past come back to haunt you? #LeapForth into the world of fear as &flix, the destination for the biggest Hollywood hits, is all set to air ‘Insidious: The Last Key’.

Television TV Channels English Entertainment
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/22/chennai.jpg?itok=4gQFhf7q
IPL comes to Snapchat

Snapchat has teamed up with Mumbai Indians, Rajasthan Royals, Chennai Super Kings and Kolkata Knight Riders this IPL season.

Television TV Channels Sports
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/22/mat-goe.jpg?itok=phhDu3lH
National Geographic Expeditions to offer enriching immersive travel experiences to Indian Travellers

As Indian travellers look for rich travel experiences in a burgeoning luxury travel industry, National Geographic Expeditions launches in India.

Television TV Channels Factual @ Discovery
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/20/walt.jpg?itok=d834AJ3p
Disney formally closes deal with Fox, massive layoffs expected

Walt Disney Co (Disney) has finally closed the deal with on its $71 billion acquisition of 21st Century Fox (Fox). In recent months, the acquisition received final approval from antitrust regulators across the globe.

Television Production House Fiction
http://www.indiantelevision.com/sites/default/files/styles/340x340/public/images/tv-images/2019/03/22/chrom.jpg?itok=CC3YraGv
Music genre most benefitted in Chrome DM week 11

Music genre has grown 3.93 per cent with the highest opportunity to see (OTS) in week 11 of Chrome Data Analytics and Media.

Television TV Channels Viewership

Latest News

Load More

Sign up for our Newsletter

subscribe for latest stories