Thursday, 4 July 2013

Astro signs RM497.5m deal with Measat

Astro Malaysia Holdings Bhd has entered into an agreement with Measat Satellilte Systems Sdn Bhd for the utilisation of transponder capacity on the Measat 3c (M3c) satellite for US$166.4m (RM497.5m) cash. The proposed utilisation was approved by shareholders yesterday and will see the M3c satellite holding six new transponders launched by the third quarter 2015.

"The group's six new transponders on the M3c satellite would be able to expand the group's broadcasting capacity to support the transmission of the additional high-definition (HD) channels to its subscribers," said it CEO Datuk Rohana Rozhan. (Financial Daily)

Source: CIMB Daybreak - 04 July 2013

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