Shin to finance new broadband satellite

Shin Satellite PCL, operator of the Thaicom satellite system will fund its new broadband satellite IPStar-1 project via a combination of equity, pre-sales of bandwidth and export financing.

Shin Satellite Public Company Limited SSPCL, Thailand's only satellite operator, plans to fund the cost of construction of a new broadband satellite IPStar-1 via a combination of 15% equity stake and 85% export financing. 

The project will be carried out through an initially wholly-owned vehicle, but SSPCL intends to sell up to 49% of the company to national service operations NSOs, and other strategic investors. Passive financial investors such as banks will not be able to take a stake in that company, says Richard Jones, director of investor relations. 

US-based Loral Space Communications will be constructing the satellite, and the Export Import Bank...

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