GT Satellite Systems signs multi-transponder condosat agreement to secure additional satellite capacity on ABS-2 for Russia and CIS

GT Satellite Systems (GTSS) and Asia Broadcast Satellite (ABS) announced that they have signed a deal valued at over $125 million for multiple transponders on a condosat and lease basis to augment its multiservice capacity on ABS-2. Subsequent to the multiple transponder lease agreement announced in 2009, GTSS has developed its platform services, including TV channels contribution and “Raduga TV” Russian and CIS DTH business, which led GTSS to make a strategic investment to purchase additional condosat transponders on ABS-2, scheduled to be launched in early 2013.

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