AsiaSat’s Broadband Commitment
AsiaSat is making a further investment in SpeedCast, a broadband enabler of satellite-based services in the Asia Pacific region. AsiaSat is injecting a further $4 million by way of cash and transponder capacity, raising AsiaSat’s stake in SpeedCast to 43.5 percent. “Our further investment in SpeedCast reflects our confidence in this joint venture. Since its inception in 1999, SpeedCast has been developing as planned and adapting to the changing broadband market. We believe in the long-term growth potential of SpeedCast in view of the growing demand for broadband multimedia and Internet services in the region,” noted AsiaSat CEO Peter Jackson.