Free Magazine Subscription    Printer-friendly version   

ProtoStar satellite auction deadline extended

13 October 2009

The auction of ProtoStar 1 has been delayed by a fortnight due to newly-expressed interest from potential buyers.
Originally scheduled for 14 October 2009, that date now becomes the deadline for bidders to express preliminary interest. Bids are now due 23 October, with the auction rescheduled for 29 October.
Industry sources say interest has been such that the ProtoStar 1 satellite could sell for at least double its original estimated price. The auction of ProtoStar 2 could also be delayed.
Asian satellite operators contacted by Television Asia Plus were unable to comment, although the press have reported Thaicom’s potential interest.
Bermuda-based ProtoStar filed for Chapter 11 bankruptcy in July 2009.


Rate This Article

Current Rating:
No rating yet

Excellent
Very Good
Good
Quite Good
Poor
  Rate This Article

Related Stories

Land of smiles - 3/2/2012

Singapore - BBC Worldwide Channels Asia has launched BBC Knowledge, BBC Lifestyle, BBC Entertainment and CBeebies on Thailand cable and satellite television operator TrueVisions. The four channels …

SES-3 relocates to Asia - 2/2/2012

Singapore - SES S.A. announced that the SES-3 satellite is being relocated from its former location over North America to Asia, an area experiencing great demand for the satellite’s capacity. The S…

Satellite TV gets boost - 27/1/2012

Thailand media organization Nation Group is expanding its satellite TV business with a three year Baht 500 million (US$160,000) plan. The company plans to launch at least two more stations - Krung…

Sky is the limit for MEASAT - 16/1/2012

Kuala Lumpur - MEASAT Satellite Systems Sdn. Bhd. Has signed an agreement with SkyVision Global Networks, for capacity on the AFRICASAT-1 satellite across the African region. The multi-transponder …

OTT denting LIVE TV coverage - 13/1/2012

A study by US PVR service TiVo, shows LIVE TV viewership has dropped 27 per cent with viewers who use broadband connected services. Data from TiVo’s audience research unit, which tracks anonymous u…