Maximize customer satisfaction with multi-orbit service, a combination of the strength of various satellite systems
Actively meet the growing demand for data by acquiring new satellite systems like HTS
Take a step forward into the mobility sector, a future growth market of the KT Group based on unrivaled satellite business capabilities
Seoul, South Korea, September 14, 2022 /PRNewswire/ — KT SAT announced its participation in the Euroconsult WSBW 2022 event, a global satellite conference that many satellite operators attend every year and presented its business strategy for multi-orbit satellites to the public.
CEO of KT SAT, Kyung Min David Song attended a panel discussion with C-level executives from Hispasat(Spain), Turksat(Turkey), Arabsat(Saudi Arabia), Airbus Defense & Space(Germany). The theme of the roundtable was “Operators: Empowering Success with Flexible Assets”. Five panelists were discussing business strategies to compete with LEO service like Starlink as it recently expanded its market globally.
KT SAT is gearing up for the Flexible HTS business to provide flexible satellite service by embracing growing customer demand for data worldwide. Flexible HTS is recognized as a next generation capability of satellite operators to provide high throughput, high capacity and high quality satellite service. KT SAT had meetings with many satellite manufacturers and verified their manufacturing technologies in order to engage in HTS business at the event. KT SAT will search for an optimal HTS partner by reviewing partner capabilities through on-site due diligence next month. This attempt to upgrade its service is part of KT SAT’s long-term business strategy: multi-orbit satellite service.
KT SAT aims to be a multi-orbit satellite provider enabling it to provide the best quality satellite service that combines many strengths of various satellite systems such as GEO, MEO and LEO. For this, KT SAT is actively dealing with many changes in the market by acquiring GSO and NGSO satellites at the same time.
As part of this business strategy, the investment in Mangata Network, an MEO/HEO satellite services start-up in the United States, was finalized earlier this year. Additionally, KT SAT filed a case with the International Telecommunication Union (ITU) for the design of the LEO constellation last year. NGSO satellite like MEO, LEO is suitable for mobility service which provides connectivity to ships, UAM, Air, etc. KT Group, in particular, is currently focusing on mobility service and has established a strategic alliance with Hyundai Motor Group to promote mobility business in 7e of September. KT SAT will do its best to lead the future mobility market as a member of the group as well.
CEO of KT SAT, Kyung Min David Song responded to a question on how to cope with market changes arising from the expansion of the LEO operator’s business such as “As for the LEO satellite service, the domestic demand in the B2C market is limited. D On the other hand, LEO may eventually find customer demand in the B2B market as customer needs for mobility service (Ship, UAM, Air) keep growing. In order to meet customer needs in In terms of mobility service, KT SAT also plans to cooperate with LEO providers as a multi-orbit service operator.”
Meanwhile, KT SAT is preparing for the launch of the new KOREASAT6A satellite. It has signed a contract with Thales Alenia Space for manufacturing and with Satconsult for technical advice for KOREASAT6A. KT SAT has also signed with SpaceX for launch service as well. After a successful launch in 2025, KOREASAT6A will cover the growing demand for data communication in Asia Pacific Region.
SOURCE KT SAT