AsiaSat optimistic on satellite-TV market and HTS threat, settles Indian tax overhang

by Peter B. de Selding

WHITEFISH, Montana — Satellite fleet operator AsiaSat on Aug. 17 reported stable revenue and backlog for the first six months of 2017, saying its core satellite-television market will grow with the deployment of high-definition television.

Hong Kong-based AsiaSat also said it had resolved a long-standing dispute with India’s tax authorities over a 10% withholding tax on revenue generated in India, a subject that has preoccupied many fleet operators for at least five years.

Partial resolution of Indian tax liability issue

The . . .

To view the entire article, become a subscriber!

You may also like