- Maximize customer satisfaction with multi-orbit service, a
combination of diverse satellite systems' strength
- Actively deal with growing demand of data by acquiring new
satellite systems like HTS
- Take a step forward to mobility business, a future growth
market of KT Group based on incomparable satellite business
capabilities
SEOUL, South Korea,
Sept. 14, 2022 /PRNewswire/
-- KT SAT announced that it participated in Euroconsult WSBW
2022 event, a global satellite conference which many satellite
operators attends every year and presented its Multi-Orbit
Satellite Business Strategy to public.
CEO of KT SAT, Kyungmin David
Song attended to panel discussion as a panelist with C-level
executives from Hispasat(Spain),
Turksat(Turkey),
Arabsat(Saudi Arabia), Airbus
Defense & Space(Germany). The
topic of the panel discussion was "Operators: Strengthening success
with flexible assets". Five panelists were discussing about
business strategies for competing against LEO service like Starlink
as it recently has expanded its market globally.
KT SAT prepares for the Flexible HTS business for providing
flexible satellite service by embracing rapidly increasing customer
demand for data in the worldwide. Flexible HTS is recognized as a
next generation capability of satellite operators to provide high
speed, high capacity and high quality satellite service. KT SAT had
meetings with many satellite manufacturers and checked their
manufacturing technologies out in order to enter into HTS business
at the event. KT SAT will be searching for an optimal HTS partner
by examining partners' capabilities through on-site due diligence
next month. This endeavor to level up its service follows long-term
business strategy of KT SAT: the Multi-Orbit satellite service.
KT SAT aims to be a Multi-orbit satellite provider allowing it
to provide the best quality satellite service which combined many
strong points of diverse satellite systems like GEO, MEO and LEO.
For this, KT SAT is actively dealing with many changes in market
through acquiring GSO and NGSO satellites at the same time.
As a part of this business strategy, investment in Mangata
Network, a MEO/HEO satellite service startup in US was completed
early this year. And also KT SAT submitted a filing with the
international Telecommunication Union(ITU) for LEO constellation
design last year. NGSO satellite like MEO, LEO is adequate for a
mobility service which provides connectivity to vessels, UAM, Air
and so on. Especially KT Group is currently focusing on Mobility
service and it established a strategic alliance with Hyundai Motor
Group in order to promote mobility business on 7th of
September. KT SAT will do its best to lead future mobility market
as a member of the group as well.
CEO of KT SAT, Kyungmin David
Song responded to a question about how to cope with market
changes came from LEO operator's business expansion like as "When
it comes to LEO satellite service, domestic demand in B2C market is
limited. On the other hand, LEO could possibly find customer demand
in B2B market since customer need for Mobility service (vessel,
UAM, Air) is getting bigger. In a bid to meet customer need in
mobility service, KT SAT also considers to cooperate with LEO
providers as a Multi-Orbit service operator".
Meanwhile, KT SAT is preparing for the new satellite launch of
KOREASAT6A. It signed a contract with Thales Alenia Space for
manufacturing and with Satconsult for technical advice of
KOREASAT6A. Also KT SAT signed with SpaceX for a launch service as
well. After a successful launch in 2025, KOREASAT6A will cover
growing demand of data communication in Asia Pacific region.
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