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ABS, Counting Down to Major
Expansion
2
June 2014
ABS, is preparing for a major
business expansion with the launch of ABS-2A & ABS-3A in
2014/2015 and further satellites to be added to the
fleet in the following two years. ABS launched its sixth
satellite, ABS-2 in February 2014, covering 80% of the
world's population including the emerging markets of
Africa, Asia, Europe, Middle East and Russia / CIS.
ABS offers a complete range of solutions to broadcast,
data and telecommunications services providers, major
enterprises and government organizations.
ABS, established in 2006 as Asia Broadcast
Satellite, has proven to be one of the fastest growing
satellite operators in the world, with an average annual
revenue growth rate of over 30% during the past 6 years.
The company received the "Deal of the Year" award from
the Export-Import Bank of the United States (Ex-Im Bank)
in April 2014. This was a result of ABS' purchase
of three satellites built
by Space Systems/Loral (SS/L) and Boeing Satellite
Systems, as well as two space launches provided by
SpaceX.
ABS' established reputation as a technological
leader was further strengthened following the order for
two all-electric satellites from Boeing Satellite
Systems in March 2012. These two satellites will be the
first all-electric types in the world to enter service,
with the launch of ABS-2A & ABS-3A into geostationary
orbit in late 2014 and 2015.
“In less than a decade, ABS
has grown dramatically from being a single satellite
operator to being a global industry leader," said Tom
Choi, CEO of ABS. "By providing technologically advanced
and cost-effective solutions designed to offer our
customers the best possible value, ABS has rapidly
established itself as a reliable and trusted partner to
a prestigious list of global customers and is now well
positioned for major global expansion”.
Tom Choi, CEO of ABS received
the prestigious accolade from Via Satellite as the
“Satellite Executive of the year 2012 award”. He
was recognized for his leadership, growth of the company
and innovations on the global satellite market.
ABS is a fast
growing global satellite operator, with an
entrepreneurial and creative business approach.
Headquartered in Bermuda, ABS has offices in the United
States, Dubai, South Africa, Germany, Philippines,
Indonesia, Malaysia, Singapore and Hong Kong. ABS
is majority owned by funds managed by the European
Private Equity firm Permira. The Permira funds
acquired ABS in 2010.
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