Mabuhay Satellite Corporation: Difference between revisions
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m 16pedia2 moved page Mabuhay Satellite Corporation to Mabuhay Investment Corporation: PLDT renamed MSC to MIC (read the article carefully) |
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Revision as of 11:42, 21 June 2013
| Company type | Private Holding company |
|---|---|
| Industry | Aerospace |
| Founded | 1994 |
| Headquarters | Subic, Zambales, Philippines |
Key people | Gabriel Z. Pimentel: President, CEO |
| Products | Telecommunication Satellite operation and maintenance |
| Owner | Philippine Long Distance Telephone Company |
| Website | mabuhaysat.com |
Mabuhay Investment Corporation (MIC) is a holding company owned by the Philippine Long Distance Telephone Company. It is formerly known as Mabuhay Satellite Corporation (MSC), a Filipino aerospace corporation responsible for operating communication satellites and before 2009, the only Philippine company to do so.[1] It once owned the Agila 2 satellite which provides the most powerful coverage in the Asia-Pacific region. Aside from satellite operation, it also provides satellite-related services. It currently operates two space centers, namely the Mabuhaysat Subic Space Center, its main hub, and the Mabuhaysat Zamboanga Space Center, its back-up hub.[2]
History
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Founded on 10 November 1994 bearing the name Mabuhay Philippine Satellite Corporation (MPSC), the company was established primarily to build, own, operate and maintain an international satellite facility and other forms of telecommunications equipment that are capable of providing telecommunications and broadcasting on a domestic and international level.[3]
The majority of the board of directors agreed, at a meeting held on April 10, 2003, to eliminate the word "Philippines" from the company's name, as the company was set to be the ideal satellite operator internationally, not only within the Philippines.[4]
On November 6, 2009, MSC's communication satellite operation business was sold to Asia Broadcast Satellite (ABS) after they signed an agreement. [5]
On January 13, 2012 after the Securities and Exchange Commission (SEC) approved the amendment on it's articles of incorporation, Mabuhay Satellite Corporation was renamed Mabuhay Investment Corporation [6]
Satellites
Agila 2
Launched in 1997, the Agila 2 provides the most powerful coverage in the Asia-Pacific region. Its control station is located at the MPSC Space Center in the Subic Bay Freeport Zone. The spacecraft was launched by the Long March 3B in its first successful flight and currently orbits at 146°E longitude.[7]
References
- ^ Emmie V. Abadilla (January 30, 2010). "Firm investing $800 M to build 5 satellites". Manila Bulletin Publishing Corporation.
- ^ "Facilities". Mabuhay Satellite Corporation.
- ^ "PLDT forms satellite firm". The Manila Standard. November 4, 1994.
- ^ "MABUHAY History in Briefs". Mabuhay Satellite Corporation.
- ^ "ABS acquirres Mabuhay". www.absatellite.net. July 11, 2012.
- ^ "PLDT Financial Information" (PDF) (Press release). 8 May 2013. Retrieved 19 June 2013.
- ^ Jonathan's Space Report No. 331
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