MABUHAY History in Briefs
Mabuhay Philippine Satellite Corporation (MPSC) inked lease agreement with Subic Bay Economic and Freeport Zone for the lease of land located at the Group V Naval Magazine Area, which the satellite company now uses for its satellite space center.
August 20, 1997
The Agila II satellite was successfully launched at the Xichang Satellite Launch Center in China. The launch was viewed live at the launch site by a 35-man Filipino delegation. President Fidel V. Ramos together with Senate President Ernesto Maceda, House Speaker Jose de Venecia and members of the Cabinet viewed the launch through a live feed to Malacañang.
In orbit tests on Agila, it revealed that it has a guaranteed mission life of 14.7 years, 2.7 years longer than the 12-year life span initially projected by its United States-based designer and manufacturer Space Systems/Loral. The tests also showed Agila’s 30 C-band (telecommunications) and 24 Ku-band (broadcast) transponders (which transmit and receive signals to and from earth) are more powerful than what their original blueprint prescribed.
Then President Fidel V. Ramos signed Executive Order (EO) 467, which provides a national policy on the operation and use of international satellite communications in the Philippines.
MPSC signed an agreement with P.T. Pasifik Nusantara of Indonesia and Space Communication Corp. (SCC) of Japan to move its Agila II satellite from its 144 to Indonesia’s 146 degrees east longitude orbital slot. The new slot allowed the Philippine’s first satellite to operate without interference from Japan’s SuperBird satellite.
MPSC signed an agreement with its local and foreign creditors for the restructuring of its obligations, which paved the way for the company’s rehabilitation.
Mabuhay Satellite Corporation projected a P90-milllion net profit this year following the signing of its debt-restructuring agreement involving more than P5.4-billion
MPSC received certification from the United States Federal Communications Commission, establishing it as the first Asian satellite on the FCC’s “Permitted Space Station” list. The certificate was a significant benefit to Mabuhay as it made it easier for US-based Earth stations to gain approval to communicate with Agila II. The certification ascertained that Mabuhay’s Agila II satellite fully complies with the FCC’s technical requirements and allowed U.S. –owned and operated earth stations in Hawaii to access Agila II.
Major Hawaiian teleport operators invested some $10 million in Mabuhay Philippines Satellite Corporation. Their investment mostly came in the form of 4.5 meter, 9-meter, 11-meter, and 13 –meter communications antennas; buildings; and facilities.
MPSC reported that it is increasingly serving the Asian distribution needs of Reuters in the Philippines. Since early the previous year, Reuters had increased its usage of bandwidth on demand service on Agila II for news feeds of compiled from reporters here in the Philippines. Reuters is the leading global provider of news, financial information and technology solutions to the world’s media, financial institutions, businesses and individuals.
In line with Mabuhay’s vision to be the preferred satellite operator with international reach, majority of the Board of directors at their meeting held on April 10, 2003 decided to drop the word “Philippines” from the company name. The decision was affirmed by the vote of stockholders owning or representing at least two-third (2/3) of the outstanding capital stock of the Corporation at their meeting held on May 30, 2003. Thus it became, Mabuhay Satellite Corporation.