Japanese-Korean venture accepts advanced satellite
LORAL NEWS RELEASE
Posted: April 27, 2004
The MBSAT broadcast communications satellite, built by Space Systems/Loral (SS/L) for Mobile Broadcasting Corporation (MBCO) of Japan and SK Telecom of Korea, has successfully completed its in-orbit testing and was officially delivered on-orbit Tuesday. The satellite was formally accepted during a signing ceremony at MBCO's Tokyo headquarters.
The MBSAT platform incorporates a number of innovative technology applications with SS/L's highly reliable and space-proven 1300 bus:
The MBSAT payload consists of four high power transponders for direct broadcast services and terrestrial repeater networks covering Japan and Korea. The satellite will deliver high-quality music, video and data to mobile users in Japan and Korea through a variety of mobile terminals, including those in cars, ships, trains as well as handheld terminals, personal digital assistants, cellular phones and home portables.
A very small antenna will be sufficient to receive these broadcast signals even inside buildings and in vehicles moving at high speeds.
Mobile Broadcasting Corporation was established to provide cars and mobile terminals with digital satellite broadcasting for audio, video and data services throughout Japan. MBCO's new broadcasting system was authorized by the Japanese Government and registered with the ITU. MBCO's major shareholders are Toshiba, SK Telecom, Sharp, Toyota, Yokogawa, Matsushita, NTT Data, Yusen, Nippon TV, Mitsui Sumitomo Insurance, Fujitsu, and Panasonic. So far 77 Japanese companies are MBCO partners. Several foreign companies own significant interests in the MBCO business venture, while many others are currently considering investment.
SK Telecom Co., Ltd. is Korea's leading wireless telecommunications services provider and a pioneer in the commercial development and provision of high-speed wireless data and Internet services. The company serves nearly 18 million subscribers throughout Korea, the majority of whom own data-capable handsets. SK Telecom has established a new company, TU Media Corp. with more than 150 investor companies. TU Media Corp. will provide mobile digital multimedia broadcasting services throughout the Korean Peninsula.
Space Systems/Loral, a subsidiary of Loral Space & Communications (OTCBB: LRLSQ), is a premier designer, manufacturer, and integrator of powerful satellites and satellite systems. SS/L also provides a range of related services that include mission control operations and procurement of launch services. Based in Palo Alto, Calif., the company has an international base of commercial and governmental customers whose applications include broadband digital communications, direct-to-home broadcast, defense communications, environmental monitoring, and air traffic control. SS/L satellites have amassed more than 1000 years of reliable on-orbit service. SS/L is ISO 9001:2000 certified.
Loral Space & Communications is a satellite communications company. In addition to Space Systems/Loral, Loral, through its Skynet subsidiary, owns and operates a fleet of telecommunications satellites used to broadcast video entertainment programming, and for broadband data transmission, Internet services and other value-added communications services.