Armarda's associate CMSCG achieves 50% airtime growth month- on-month to over 60,000 minutes in July
Fast growing mobile satellite airtime is contributed by the Group's growing enterprise mobile satellite subscriber basein China
Continue to pursue growth opportunities to expandmobile satellite subscriber base
Singapore, 15 August 2013-China Mobile Satellite Communications Group Limited ("CMSCG" or "the Group"), announced today that it has achieved 50% month-on-month (mom) mobile satellite airtime growth to over 60,000 minutes (incoming and outgoing calls) for the month of July. This is attributed to the Group's growing enterprise mobile satellite subscriber base since the launch of its '1349' mobile satellite SIM cards in early April this year.
Airtime Usage (Minutes)
APRIL MAY JUNE JULY
Since the launch of the '1349' SIM card, the Group's mobile satellite airtime has burgeoned from over 1,000 minutes of airtime in April to over 60,000 minutes in four months. Due to the increasing mobile satellite airtime traffic, CMSCG has announced last month that it will be hiring an additional E1 line1 to their current mobile satellite connection to regulate satellite airtime capacity between the Thuraya-owned satellites and the virtual gateway used by CMSCG to provide secure satellite airtime services to its China-based enterprise user base.
Jimmy Zhang, Chief Executive Officer of CMSCG commented on the announcement, "We have been aggressively marketing and distributing Thuraya's mobile satellite products and services for these four months in the fast growing mobile satellite market in China. It is evident that our efforts have helped us achieved huge progress. While we are encouraged by the positive results, we are not complacent and will continue to grow our mobile satellite business in China."
Please refer to the press release 'Armarda's associate CMSCG to increase mobile satellite airtime capacity through
hiring of at least one more E1 line'dated 24 July 2013.
CMSCG and China Telecom Satellite ("CTS"), a subsidiary of China Telecommunications Corporation, have been marketingThuraya's mobile satellite handsets and mobile satellite airtime services to key Chinese distributors for China's enterprise market.
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About China Mobile Satellite Communications Group Limited
China Mobile Satellite Communications Group Limited ("CMSCG") was formed in 2010 and has entered into an exclusive agreement with Thuraya Telecommunications Company ("Thuraya") to distribute the mobile satellite communication services and products of Thuraya in China. CMSCG will sell and distribute the Thuraya mobile satellite communication hardware and provide voice and data services to the nascent Chinese market.
About Thuraya Telecommunications Company
45% equity interests of China Satellite Mobile Communication Group Limited ("CSMCG"), the wholly owned parent company of CMSCG, has been acquired by Singapore-listed Armarda Group Limited ("Armarda") on
21 March 2012. Armarda has been listed in the Catalist board of Singapore since 2004.
Thuraya Telecommunications Company ("Thuraya") is a world-leading mobile satellite service provider of voice, data, maritime, rural telephony, fleet management and other telecommunication solutions, reaching out to remote areas of the world. Thuraya provides mobile satellite communications to over 140 countries around the globe, employing a congestion-free network that now covers most part of the world, including Asia, Australia, Africa, the Middle East and Europe.
About China Telecom Satellite Communications Co. Ltd
China Telecom Satellite Communications Co. Ltd, which is owned by China Telecommunications Corporation (China Telecom), was established in April 2009. Its major services include satellite mobile communications, VSAT communications, international private line and satellite broadband access (IPSTAR System).
Financial PR Pte Ltd. Mr Gabriel TAN, Associate Director
Dedicated to satellite communications services, China Telecom Satellite Communications Co. Ltd, as a wholly-owned subsidiary of China Telecom, specializes in the operation of its parent corporation's satellite communications and undertakes the task of guaranteeing the emergency communications. It serves as the resource center, product integration center and professional support center of China Telecom's satellite communications business.
Tel: +65 6438 2990
Fax: +65 6438 0064
Ms Allison Chen, Consultant Allison@financialpr.com