The commercial arm of Indian Space Research Organisation (ISRO), Antrix Corporation, has signed an agreement with Malaysia’s MEASAT Global, to form a joint venture for pooling their satellite capacities.
This is seen as a major move to develop a satellite neighbourhood for broadcasting and telecommunication customers in the Asia-Pac region.
The JV, which will be equally owned by the two companies, represents a breakthrough in the cooperation between the Indian and Malaysian satellite sectors.
The joint venture will leverage capacity from both INSAT and MEASAT satellite fleets to provide commercial satellite services in the region. According to Antrix executive director K R Sridhara Murthi, Antrix had been working closely with MEASAT for several years for providing consultancy and procuring satellites.
The JV company is expected to give C-band satellite services to over 70% of the world’s population and direct-to-home (DTH) quality satellite services to over 160 million TV households in the region.