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TheStreet Open House

THAICOM Launches Fast Internet Connectivity Service, Powered By Gilat Satellite Equipment

Stocks in this article: GILT

PETAH TIKVA, Israel, Feb. 3, 2014 (GLOBE NEWSWIRE) -- Gilat Satellite Networks Ltd. (Nasdaq:GILT), a worldwide leader in satellite networking technology, solutions and services, and THAICOM Public Company Limited (SET BKK:THCOM), Asia's leading satellite operator, announced today the launch of the IPSTAR service to enhance broadband connectivity across the Asia-Pacific region.

This service launch represents the next stage of the cooperation agreement signed several months ago to provide customers across the Asia-Pacific region with an integrated solution comprising Gilat's SkyEdge II-c VSAT satellite ground equipment and Thaicom4's (IPSTAR) high throughput satellite (HTS).

To unveil the combined offering, Gilat and THAICOM will be conducting seminars in Jakarta, Indonesia in February, where they will demonstrate how the service greatly improves Internet connectivity in the region.

"In only a very short time, we've been able to implement this new service, which will provide our customers with faster satellite Internet connectivity than they've ever experienced before," said Ms. Suphajee Suthumpun, Chairman of the Executive Committee and CEO of THAICOM. "We look forward to replicating the success we've achieved collaborating with Gilat in previous ventures, such as the National Broadband Network (NBN) project in Australia."

The cooperation between the two companies reflects THAICOM's ongoing Open Access Platform (OAP) strategy to provide technology equipment vendor's access to Thaicom 4's HTS, enabling them to fulfill customer requirements for wider variety and increased flexibility. 

"We are pleased with the ongoing cooperation with THAICOM," said Erez Antebi, CEO of Gilat Satellite Networks. "Gilat views this partnership as a key factor for growing its Asia-Pacific business. The cooperative endeavor, combining Gilat's SkyEdge II-c platform with IPSTAR capacity, will provide our customers with an enriched broadband satellite service experience."

About THAICOM​

THAICOM Public Company Limited, a leading Asian satellite operator, was established in 1991. The Company was the first to launch a broadband satellite in the world, and is a leader in developing integrated solutions for satellite broadcast and broadband services. The Company's engineering teams provide leading-edge innovative solutions for satellite-based telecommunications services. Since its establishment the Company has launched six satellites, with three satellites in operation: Thaicom 4 (IPSTAR) is the Company's broadband satellite which provides a variety of broadband and data services, including mobile backhaul, mobility, government USO support, content delivery, business continuity and emergency services, as well as broadband internet services to 14 countries throughout Asia Pacific; Thaicom 5 is a 'hotbird' satellite positioned at 78.5 degrees East, and carries more than 600 television channels for broadcast across Asia Pacific; Thaicom 6 is collocated with Thaicom 5 at 78.5 degrees East to expand the Company's broadcast carrying capacity.  Thaicom 7, a future satellite, will be launched to the 120 degrees East orbital slot later in 2014.   

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