LUXEMBOURG & TOKYO--(BUSINESS WIRE)--Intelsat S.A. (NYSE: I), the world’s leading provider of satellite services, and SKY Perfect JSAT Corporation today announced that the two companies have signed a definitive agreement to form a joint venture that will launch a new satellite with optimized C-band and high throughput Ku-band capacity to satisfy the growing mobility and broadband connectivity demands in the Asia-Pacific region. To be known as Horizons 3e, the satellite is based on the Intelsat EpicNG high throughput design which, upon launch, will complete the global footprint of the Intelsat EpicNG next generation platform. The satellite will be stationed at the 169 degrees East orbital location with a launch expected in the second half of 2018.
Building upon a successful alliance between the two operators, the Horizons 3e satellite marks the fourth satellite to be owned jointly by JSAT and Intelsat, following Horizons-1 (launched in 2003); Horizons-2 (launched in 2007) and Intelsat 15/JCSAT-85 (launched in 2009).
With the most advanced digital payload on a commercial satellite, bandwidth flexibility and power portability, Horizons 3e will bring high performance, improved economics and simple access to the aeronautical and maritime mobility, cellular backhaul, corporate enterprise and government customers operating in the region.
“Today marks another milestone in our long history of collaboration with JSAT,” stated Stephen Spengler, Chief Executive Officer, Intelsat. “With Horizons 3e, we will introduce the Intelsat EpicNG platform to the Asia-Pacific region, completing our global high throughput footprint and enhancing our IntelsatOne® Flex service platform. The scalability, power and flexibility of Intelsat EpicNG will provide commercial and governmental aeronautical and maritime services with unprecedented seamless, contiguous broadband coverage over the most widely trafficked routes from the Atlantic to the Pacific. In addition, the higher performance and improved economics of Intelsat EpicNG will enable fixed and mobile network operators to expand their networks and provide much needed broadband connectivity to the more remote communities of the region.”
“Horizons 3e is a significant project for both Intelsat and JSAT,” stated Shinji Takada, President & Chief Executive Officer, JSAT. “This new state-of-art satellite will lead to the expansion of our next generation business in the Asia and Pacific region utilizing the HTS technology. Satellite communications demands for the region will definitely continue to grow and the project is essential for us to uptake of the growth demand for the region.”
The formation of the JSAT/Intelsat venture features equal ownership of the satellite, which will be constructed over a 2.5 year period. Given the business construct, the program will not be considered part of Intelsat’s capital expenditure program.
Intelsat S.A. (NYSE: I) is the world’s leading provider of satellite services, delivering high performance connectivity solutions for media, fixed and mobile broadband infrastructure, enterprise and government and military applications for more than 50 years. Intelsat’s satellite, teleport and fiber infrastructure is unmatched in the industry, setting the standard for transmissions of video and broadband services. From the globalization of content and the proliferation of HD, to the expansion of cellular networks and mobile broadband access, with Intelsat, envision your future network, connect using our leading satellite technology and transform your opportunities. Envision…Connect…Transform…with Intelsat. For more information, visit www.intelsat.com.
About SKY Perfect JSAT Corporation
SKY Perfect JSAT Corporation is a leader in the converging fields of broadcasting and communications. It is Asia’s largest satellite operator with a fleet of 16 satellites, and Japan’s only provider of both multi-channel pay TV broadcasting and satellite communications services. SKY Perfect JSAT delivers a broad range of entertainment through the SKY PerfecTV! platform, the most extensive in Japan with a total of 3.5 million subscribers. In addition, SKY Perfect JSAT’s satellite communications services, which cover Japan and the rest of Asia, as well as Oceania, Russia, Middle East, Hawaii and North America, play a vital role in supporting safety, security and convenience for society as a whole. For more information, please visit www.sptvjsat.com and www.jsat.net.
About Horizons 3e
The Horizons 3e satellite is owned by a new joint venture company, Horizons-3 Satellite LLC, the membership of which will be held by JSAT International Inc., a subsidiary of JSAT and Intelsat Horizons-3 Corporation, a subsidiary of Intelsat, both of which are based in the United States.
Intelsat Safe Harbor Statement:
Statements in this news release constitute "forward-looking statements" that do not directly or exclusively relate to historical facts. When used in this release, the words “may,” “will,” “might,” “should,” “expect,” “plan,” “anticipate,” “project,” “believe,” “estimate,” “predict,” “intend,” “potential,” “outlook,” and “continue,” and the negative of these terms, and other similar expressions are intended to identify forward-looking statements and information.
The forward-looking statements reflect Intelsat's intentions, plans, expectations, assumptions and beliefs about future events and are subject to risks, uncertainties and other factors, many of which are outside of Intelsat's control. Important factors that could cause actual results to differ materially from the expectations expressed or implied in the forward-looking statements include known and unknown risks. Known risks include, among others, the risks described in Intelsat’s annual report on Form 20-F for the year ended December 31, 2014, and its other filings with the U.S. Securities and Exchange Commission.
Because actual results could differ materially from Intelsat's intentions, plans, expectations, assumptions and beliefs about the future, you are urged to view all forward-looking statements with caution. Intelsat does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.