Mabuhay Satellite Corporation

Summary

Mabuhay Satellite Corporation
TypePrivate
IndustryAerospace
FoundedNovember 10, 1994 (1994-11-10)
DefunctJanuary 13, 2012 (2012-01-13)
FateRenamed and shifted to a different industry
SuccessorMabuhay Investment Corporation (2012)
HeadquartersMakati, Metro Manila, Philippines
Key people
Gabriel Z. Pimentel: President, CEO
ServicesSatellite operation and maintenance
ParentPLDT
(1994-2009)
Asia Broadcast Satellite
(2009-2012)
Websitemabuhaysat.com

Mabuhay Satellite Corporation (MSC) was a Filipino aerospace corporation responsible for operating communication satellites and before 2009, the only Philippine company to do so. It was later renamed as Mabuhay Investment Corporation (MIC) and became a holding company owned by PLDT.[1] It once owned the Agila 2 satellite which provides coverage in the Asia-Pacific region. Aside from satellite operation, it also provided satellite-related services. It operated two space centers, namely the Mabuhaysat Subic Space Center, its main hub, and the Mabuhaysat Zamboanga Space Center at Zamboanga City, its back-up hub.[2]

History

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] It was formed by a former member of the Philippine Agila Satellite Inc. (PASI) another consortium and later competitor of the MPSC, PLDT which was the largest member of PASI.[4]

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.[5]

On November 6, 2009, MSC's communication satellite operation business was sold to Asia Broadcast Satellite (ABS) after they signed an agreement.[6]

On January 13, 2012 after the Securities and Exchange Commission (SEC) approved the amendment on its articles of incorporation, Mabuhay Satellite Corporation was renamed Mabuhay Investment Corporation. [7]

Satellites

Agila 1

Agila 2

Launched in 1999, the Agila 2 provides coverage in the Asia-Pacific region. Its control station was 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.[8]

References

  1. ^ Emmie V. Abadilla (January 30, 2010). "Firm investing $800 M to build 5 satellites". Manila Bulletin Publishing Corporation.
  2. ^ "Facilities". Mabuhay Satellite Corporation. Archived from the original on September 1, 2010.
  3. ^ "PLDT forms satellite firm". The Manila Standard. November 4, 1994.
  4. ^ MacKie-Mason, Jeffrey; Waterman, David (November 26, 2013). "Communication Satellite Policies in Asia". Telephony, the Internet, and the Media: Selected Papers From the 1997 Telecommunications Policy Research Conference. Routledge. pp. 239–242. ISBN 978-1136684265. Retrieved January 19, 2016.
  5. ^ "MABUHAY History in Briefs". Mabuhay Satellite Corporation. Archived from the original on April 28, 2010. Retrieved April 3, 2010.
  6. ^ "ABS acquirres Mabuhay". www.absatellite.net. July 11, 2012. Archived from the original on June 16, 2013. Retrieved July 11, 2012.
  7. ^ "PLDT Financial Information" (PDF) (Press release). May 8, 2013. Archived from the original (PDF) on December 24, 2013. Retrieved June 19, 2013.
  8. ^ "Jonathan's Space Report No. 331". Archived from the original on August 8, 2009. Retrieved April 3, 2010.