Asia Broadcast Satellite acquires LMI-1 Satellite
Ku-band transponders providing DTH and CATV
distribution as well as IPLC, IP backbone and GSM backhaul services to the growing markets of Asia, Africa,
Middle East and Eastern Europe. ABS has established strategic teleport operations in Europe, the Middle
East and Asia to allow its customers affordable and flexible connectivity options to the ABS-1 satellite.
"During an unprecedented era of consolidation in our industry, we are proud to enter the dynamic and
growing satellite market segment in the IOR region to deliver highly reliable capacity, coupled with highest
level customer support and our expert knowledge of the satellite applications for the growing demands of
the customers. Operating one of the most reliable spacecraft, we look forward to serving the long-term
needs of our customers." said Mr. Choi.
"We are very excited by the potential we are bringing to the market: terrific coverage, lots of available contiguous capacity, a great team of deal makers and a 'can do' attitude for customers" said Mr. Daffner. About Citigroup Venture Capital International (CVCI)
CVCI is a unit of Citigroup and focuses on making in private equity investments. CVCI operates from three regional hubs (London, New York & Hong Kong) and seeks to invest in growth companies and identified investment themes in each of the regions. From 2001 through 2005, CVCI invested US$1.2 billion, and serves as investment advisor to a US$1.6 billion fund, Citigroup Venture Capital International Growth Partnership, L.P., launched in 2005.
About ABS:
19/F 8 Queens Road
Central District
Hong Kong, SAR
Phone +852 3575 0000
Fax +852 3575 0001
Contacts:
Thomas Choi, tom@absatellite.net
Gregg Daffner, daffner@absatellite.net