| Asia Satellite Telecommunications Holdings | |
| Type: | Private |
| Foundation: | 1988[1] |
| Brands: | AsiaSat |
| Industry: | Communications satellite |
| Revenue: | HK$1.354 billion |
| Revenue Year: | 2017 |
| Operating Income: | HK$642 million |
| Income Year: | 2017 |
| Net Income: | HK$397 million |
| Net Income Year: | 2017 |
| Assets: | HK$7.401 billion |
| Assets Year: | 2017 |
| Equity: | HK$3.353 billion |
| Equity Year: | 2017 |
| Parent: | Bowenvale |
| Homepage: | https://www.asiasat.com/ |
| Footnotes: | in consolidated financial statement[2] |
Asia Satellite Telecommunications Company Limited (AsiaSat) is a Hong Kong-based commercial operator of communications satellites founded in 1988. It is a wholly-owned subsidiary of Asia Satellite Telecommunications Holdings Limited (AsiaSat Holdings), which is incorporated in Bermuda.
AsiaSat Holdings is jointly owned by Chinese state-owned CITIC Limited and private equity fund The Carlyle Group L.P. indirectly. It had a market capitalisation of HK$2 billion on 30 November 2018.[3] It was a red chip company of the stock exchange.[3] On 23 August 2019, the take private proposal scheme was approved by AsiaSat Holdings' public shareholders, followed by the approval of the Bermuda Court on 3 September 2019, whereupon The company became a private wholly owned subsidiary of Bowenvale Limited, a joint venture of CITIC and Carlyle. The listing of the company's shares was withdrawn from the Stock Exchange of Hong Kong on 5 September 2019.[4]
In September 2017, AsiaSat 9, AsiaSat's latest satellite built by Space Systems/Loral[5] was successfully launched and replaced AsiaSat 4 at 122° East.
AsiaSat owns and operates seven satellites, including AsiaSat 3S, AsiaSat 4, AsiaSat 5, AsiaSat 6, AsiaSat 7, AsiaSat 8 and the new AsiaSat 9.
, the direct parent company, Bowenvale Limited, owned 74.43% shares; Bowenvale was jointly owned by CITIC Limited and The Carlyle Group LP in a 50–50 ratio.[2] Standard Life Aberdeen plc was the second largest shareholder for 5.36%.[2] In May 2018, the ratio owned by Standard Life Aberdeen had decreased to 4.99%.[6] In November 2018, another private equity firm International Value Advisers owned 6.12% shares of AsiaSat.[7]
On 3 September 2019, following the approval of the privatisation plan by public shareholders, Asia Satellite Telecommunications Holdings Limited became a privately wholly owned subsidiary of Bowenvale Limited, which is now jointly owned by CITIC Group Corporation and Carlyle Asia Partners IV, L.P.[4]
This is a list of satellites owned and operated by AsiaSat.
| Satellite | Launch Date (UTC) | Rocket | Launch Site | Contractor | Longitude | Status | Notes | Ref. | - | 7 Apr 1990 | Xichang, LC-3 | Launched as Westar 6 on Space Shuttle mission STS-41B, became stranded in orbit, was retrieved by Space Shuttle mission STS-51A in November 1984, sold to AsiaSat. | ||||||
| 28 Nov 1995 | Xichang, LC-2 | 100.5° East | ||||||||||||||||
| 24 Dec 1997 | 105.5° East (intended) 158° West (1998–1999) 62° West (1999–2002) | Transferred to Hughes Global Services (HGS) | ||||||||||||||||
| 21 Mar 1999 | 147.5° East | Replaced AsiaSat 1 on 8 May 1999 and was replaced by AsiaSat 7 | [8] | |||||||||||||||
| 12 Apr 2003 | Relocated to a designated orbital position in November 2017 | [9] | ||||||||||||||||
| 11 Aug 2009 | 100.5° East | A replacement satellite for AsiaSat 2 | [10] | |||||||||||||||
| 7 Sep 2014 | 120° East | [11] | ||||||||||||||||
| 25 Nov 2011 | 105.5° East | Replaced AsiaSat 3S at the orbital location of 105.5° East. | [12] | |||||||||||||||
| 5 Aug 2014 | 4° West | AsiaSat satellite with multiple Ku beams. | [13] | |||||||||||||||
| 28 Sep 2017 | 122° East | Replaced AsiaSat 4 at 122° East. | [14] |