Thaicom reports revenue drop; profit up on insurance payout for terminated satellite life-extension contract

by Peter B. de Selding

CARSAC DE GURSON, France — Thai satellite fleet operator Thaicom reported a sharp drop in revenue from both its conventional satellite and the IpStar/Thaicomk 4 broadband satellite for the three months ending June 30.

The company nonetheless maintained a small operating profit on lower depreciation and an unusual insurance payment following the termination of a satellite life-extension contract with Effective Space Solutions (ESS).

Astroscale U.S. Inc. has purchased the assets of ESS and has said it was working with Thaicom on . . .

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