IPSTAR Australia Pty Ltd (IPA), a wholly owned subsidiary of Thailand’s Shin Satellite Plc ("SATTEL") announced today the Company has entered into a 12 year definitive agreement with ETT Limited (ASX: ETT) as the exclusive National Service Operator (NSO) for IPSTAR broadband satellite services in Australia.
Based on the agreement, ETT Limited will be responsible for the wholesale supply of IPSTAR products and services to both existing and new service providers. ETT will commence its IPSTAR business from the 1st of January 2008 onwards.
ETT Chairman Mr. Larry Shutes said “We will supply satellite broadband to consumer and corporate customers across Australia with a particular focus on the more than 1 million regional Australians who have limited or no landline broadband access.”
Mr Shutes said over the past eighteen months considerable effort had been placed on consolidating and developing ETT’s core operations, products and relationships with the objective of becoming the premium provider of alternate electronic and I.P. based communication and transaction services in Australia.
“We will build on the network already established here by IPSTAR to provide a reliable and affordable broadband service to regional Australia,” he said.
Mr. Teerasak Sawekpun, General Manager of IPSTAR Australia Pty. Ltd. said “We are delighted to have ETT as our strategic partner. ETT has indicated its interest in IPSTAR business over the last 18 months and has since put together a promising business case around the IPSTAR technology. It has also built a strong relationship with existing major IPSTAR Service Providers who will turn to be ETT’s retail arm after taking over the service distribution responsibility from IPSTAR Australia.”
“This exclusive NSO contract with ETT provides IPSTAR Australia with minimum revenue commitment of AU$ 665 million over a 12 year period. The commitment comprises of 131,500 IPSTAR User terminals and approximately 3.5 Gbps (Giga-bits-per-second) of IPSTAR capacity. ETT will be promoting the IPSTAR brand and handle commercialization of IPSTAR services while IPSTAR Australia will be responsible for operation and growth of the IPSTAR platform.”
“Australia currently has over 1 million households that do not have access to land line broadband services and we are confident that ETT Limited, together in partnership with IPSTAR will be able to address the needs of these unserved and under-served markets.”
ETT Limited (ASX: ETT)
ETT Limited is a public company listed on ASX Limited and is a supplier specialising in transaction processing and public internet access solutions. ETT Limited has a number of core business units including, Ultimate Internet Pty Limited, who will provide a significant contribution to the resources and operational needs of the IPSTAR contract.
For more details please visit the website at: www.ettlimited.com.au
IPSTAR Australia Pty Ltd (“IPA”)
IPSTAR Australia Pty Ltd, a Shin Satellite subsidiary, is a Satellite Broadband carrier based in Sydney Australia. IPA manages more than 10 service providers; most of them are Broadband Connect accredited providers. IPA provides satellite broadband solution Australia-wide since 2004.
For more information please contact:
Ms. Piyanuch Sujpluem
Corporation Communications Department
Shin Satellite Public Company Limited
Phone: (+662) 591-0736 to 49 Ext. 8494
Fax: (+662) 591 0705
Mobile: (+668) 1 807-7822 E-mail:
[email protected]
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