Telstra, Asiasat Announce Satellite Alliance

Telstra Corp. and Asia Satellite Telecommunications Co. (Asiasat) will announce today the signing of a deal that will expand Telstra's reach in the regional satellite communications industry.

The deal, which will be officially unveiled at a press conference this afternoon at the Telecom Asia 2000 conference and exhibition here, will give Telstra the ability to access and use capacity on Asiasat's regional satellites.

The Hong Kong-based company operates three satellites the newest of which, Asiasat 3S, has 44 transponders and a footprint that streches from Asia to the Middle East, the Commonwealth of Independent States and Australia.

Both companies have been expanding their reach beyond their original geographical areas.

Earlier this year Telstra merged its mobile satellite business with that of Dutch telecommunications company Koninklijke KPN NV. Asiasat expanded into the European market in late 1998 through an alliance with Luxembourg-based Société Européenne des Satellites SA under which the European company acquired a 34 percent stake in Asiasat.http://www.telstra.com

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