TSGN To Double Regional Sales To 20 Per Cent By 2020

KUALA LUMPUR, May 25 (Bernama) -- TS Global Network Sdn Bhd (TSGN) plans to double its regional sales to 20 per cent by 2020 with an investment of US$69.20 million (RM250 million) in ground and space assets. (US$1=RM3.61) TSGN is Malaysia's satellite communication (SATCOM) services and solutions specialist. The company will scale up its capacity and competitiveness with the signing of a collaborative agreement with Hong Kong's APT Satellite Company Ltd in a designated payload (transponder capacity) on APT's APSTAR 9 Satellite. "We are cognisant of the financial and regulatory hurdles and demands in pursuing a bold approach to ramping up our regional growth and have adopted a red ocean strategy to map out our journey," TSGN group managing director T. Dhrmarajah Dhashna said in a statement Monday. APSTAR 9 satellite will be launched in the fourth quarter of this year. The designated payload will also be known as TSGN MySAT-1. The satellite payload will propel TSGN's growth trajectory and play a regional role in delivering high speed and affordable SATCOM communications and solutions to government and commercial customers, said Dhasna. Targeting the ASEAN and Asia Pacific markets, TSGN aims to build on a strategic business model based on smart collaborations in Brunei and Indonesia to gain rapid access to serve its target markets via MySAT-1. Dhashna said TSGN had decided on the collaboration of the satellite capacities in an effort to accommodate its demand, commitment and aspiration to scale up capacity and capability. -- BERNAMA