Transpacific Broadband to Sign Agreement with Elon Musk’s Starlink to Launch Satellite Broadband in 2022
Metro Manila (CNN Philippines, October 28) – Listed company Transpacific Broadband Group International, Inc. (TBGI) will look to negotiate with major satellite operators, including US billionaire Elon Musk’s Starlink, as it plans to enter the satellite Internet market in the year next.
The company aims to garner strong support for its satellite broadband deployment in 2022, with its board of directors approving the plan to continue discussions with Starlink.
In a filing with the local stock exchange, TBGI said it hoped to cover Filipino government units, businesses and households with “advanced satellite internet services to meet their growing needs for fast and reliable connectivity.”
“LEOSAT technology offers a unique combination of affordability, speed, flexibility, ease of installation, and low latency 27 millisecond bandwidth to deliver a superior online experience in the level Internet of Things.” superior, ”the group added.
Starlink is a unit of aerospace company SpaceX, which has 1,500 satellites in low Earth orbit in space.
To launch this plan, TBGI signed an agreement with ABS Global Ltd. on Wednesday. “for the development and maintenance of several state-of-the-art earth stations in strategic areas nationwide, specifically for LEOSAT connectivity”.
It has also signed a Managed Service Agreement (MSA) with ABS Global “specifically for Starlink’s LEOSAT earth stations”, which runs for a period of three years and can be extended for three years.
The listed company focuses on public commercial radio, terrestrial, cable and satellite broadcasting. It derives its income from subscriptions to Internet, intranet and local loop services from schools, the private sector and government agencies.
Local internet service providers have explored the opportunities in the satellite market as it allows them to bring internet connectivity to remote areas amid the geographic features of the country.
Converge ICT Solutions Inc., which provides fiber-optic internet, previously unveiled its hopes of also partnering with SpaceX for a possible broadband satellite business.