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...
