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[Satellite TODAY 02-24-10] Thai-based satellite operator Thaicom reported a net loss in 2009 of $14.16 million despite growing its year-end revenues to $216.90 million, the company announced in its 2009 financial results, released Feb. 23.
However, revenues from Ipstar, Thaicom’s satellite broadband operation, increased almost 30 percent compared to 2008, reaching $81.5 million in 2009. The operator said Ipstar’s performance is due to the growth of its services in Australia, Indonesia, New Zealand, China, Cambodia, and Malaysia.
In 2010, Thaicom said it would place more emphasis on the Ipstar bandwidth service rather than user terminal sales.
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