PETALING JAYA: Astro Malaysia Holdings Bhd
has entered into an agreement with Measat Global Bhd (MGB) for the utilisation of transponder capacity on the Measat-3c satellite for a fee of RM497.5mil.
In a filing with Bursa Malaysia, Astro said the related party transaction signed via its unit Measat Broadcast Network Systems Sdn Bhd, and MGB’s unit Measat Satellite Systems Sdn Bhd, would enable Astro to utilise transponder capacity of 6 Ku-band transponders on the satellite in tranches over a period of 15 years starting from the commencement date.
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