News Broadcasting
Shin Sat signs $390 m. loan deal for iPSTAR-1
MUMBAI: Asia’s number two satellite operator Shin Satellite Plc. of Thailand today announced it had signed a $390 million loan deal for its long in gestation iPSTAR-1 project.
The announcement comes over two years (August 2000) after Shin Sat awarded the contract for the design and construction of iPSTAR-1 to Space Systems/Loral (SS/L). iPSTAR-1 is a high-powered geostationary satellite to be used for broadband communications applications.
Shin Sat announced that it has signed with the Export-Import Bank of the United States (“Ex-Im Bank”) and Compagnie Francaise d’Assurance pour la Commerce Extrieur de France (COFACE) agreements for loan guarantee facilities of a total of $ 265 million. Shin Sat has also signed a $ 125 million syndicated commercial bank facility arranged jointly by BNP Paribas and Citibank/SalomonSmithBarney. The credit support from the Ex-Im Bank and Coface will be in the form of a guarantee facility provided by Citibank and BNP Paribas.
The credit support from the Ex-Im Bank represents approximately 85 per cent of US content, mostly for the payment of the satellite’s construction by SS/Loral. Support from COFACE will cover 85 per cent of the cost of launching the satellite on Arianespace from French Guyana, an official release says.
The Ex-Im support effectively makes iPSTAR the only broadband satellite project in the world to receive full financing, the release asserts. The company expects to receive iPSTAR-1 by the end of 2003 and see it fully operational in early 2004. In the meantime, Shin Satellite has deployed gateways in several important markets in this Asia-Pacific region.
Shin Sat will use iPSTAR-1, a satellite with a hybrid Ka-/Ku-band communications payload, to provide direct-to-desktop, last-mile services, including new multi-media and data services to customers in Asia, India, and Australia.
With total satellite power of approximately 14 kW, iPSTAR-1 will provide 100 beams in the Ku-band and the Ka-band – to deliver broad coverage from its orbital location at 1200 East longitude. iPSTAR-1 is designed to provide 12 years of uninterrupted service life.
News Broadcasting
CNN-News18 to host Fury in the Gulf conclave on West Asia crisis
Three-hour summit to unpack geopolitical fallout and impact on India
MUMBAI: CNN-News18 is set to host a special three-hour broadcast, Fury in the Gulf – War Conclave, on April 7, aiming to decode the escalating West Asia crisis and its far-reaching implications for India.
Scheduled from 4:00 PM to 7:00 PM, the conclave comes at a time when tensions between Iran and the United States are reshaping global geopolitics and triggering economic uncertainty. With India’s deep energy ties, trade links and large diaspora in the Gulf, the developments carry significant domestic relevance.
Built around the theme ‘Conflict, Consequences, and The Future,’ the programme will feature six curated sessions combining one-on-one interviews and panel discussions. The focus is to cut through the clutter and offer viewers a clearer understanding of the fast-evolving situation.
Key sessions include ‘Diplomacy in Times of War’ featuring Shashi Tharoor, and ‘World After the Iran Conflict’ with voices such as Ram Madhav, Reuven Azar, representatives from the European Union and the Iranian Deputy Envoy. Another session titled ‘Another Dunkirk?’ will bring together K. J. S. Dhillon and Jitin Prasada among others.
CNN-News18 editorial affairs director Rahul Shivshankar said, “In times of war, clarity becomes the most powerful tool. Fury in the Gulf – War Conclave brings together credible voices to address the questions and confusion that arise amid an overwhelming influx of information.”
He added that the initiative is aimed at delivering “facts, perspective, and insight” at a time when misinformation can easily cloud public understanding.
Echoing the sentiment, CNN-News18 CEO– English and business news Smriti Mehra said the conflict marks a defining global moment, with consequences that extend well beyond the region. She noted that the conclave seeks to present the crisis with “depth, nuance and responsibility” so audiences can better grasp its real-world impact.
As geopolitical tensions continue to dominate headlines, the conclave positions itself as an attempt to bring order to the noise, offering viewers a structured, insight-led look at a complex and rapidly shifting global situation.
