AsiaSat says 2017 could be turnaround year

by Peter B. de Selding

AsiaSat of Hong Kong in November hired former Eutelsat executive Andrew G. Jordan as chief executive and in February signed on a new chief commercial officer. Credit: AsiaSat

 

PARIS — Satellite fleet operator AsiaSat on March 15 reported a decline in revenue and operating profit in 2016, as expected, but said there were signs of an upturn in its long-overcrowded, hyper-competitive Asian markets.

Hong Kong-based AsiaSat in November appointed a new chief executive, Andrew G. Jordan — a former Eutelsat manager — and in February signed on a new chief commercial officer.

The company’s 2017 results . . .

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