Business Times

TRC to share profit on satellite

The Telecommunication Regulatory Commission (TRC), having cancelled an earlier plan to set up a satellite with a British firm, is now exploring fresh options in which the operation of the proposed new satellite will be on a profit-sharing basis.

“We’re open to a profit-sharing arrangement with a satellite operator,” Anusha Pelpita, TRC Chairman told the Business Times. He said that the TRC is interested in providing the space slots while a satellite operator can help orbit the satellite. “This is what we are most interested in. but at the same time we are also carrying out a study to explore the feasibility of sending our own satellite,” he said.

The TRC decided not to proceed with the joint venture with Surrey Satellite Technology Ltd, the British firm which was commissioned to set up the Sri Lanka Space Communications Company last year, due to the high costs involved. “To set up the satellite, there’s a cost of US$ 20 million. After sending it into orbit it is US$ 160 to US$ 180 million per annum, which is not feasible,” he said.

Meanwhile some broadband operators are raising concerns about the minimum standard that TRC plans to implement within this month, saying that it’s impossible to adhere to such criteria as they’ll have to charge the customers more, but the regulator is adamant.

“Most operators agreed to this,” Mr. Pelpita said. He said the TRC is in the process of preparing a standard for 70%-85% minimum speed for a day. Mr. Pelpita added that the minimum standard for the Broadband speed will be out before January 1.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Pension scheme discussion on Tuesday
Sri Lankan worker arrested in US over insider trading charges
Shangri-La leisure project kicks off in 2011
D.R. Wijewardena Mw to be Colombo’s leisure hub
World Bank assistance may double to Sri Lanka
Inflation up, says Central Bank
Hayleys chairman gets five more years
Two bankers and an old ‘Austin’ car
Comment - Imported coconuts, camel milk and ostrich eggs
Feature - Skill, luck and reversion to the mean
Feature - Our skies are safe
Sri Lanka welcomes 600,000th tourist
PCH enters mobile phone business
IMF says pleased with Lankan economic progress
Sri Lanka Railways can be turned around if there is political will
Weli moves out as Transparency Int. Executive Director
Rothschild Tea estate wins top entrepreneur award in Central Province
First 'Etisalat Business Edge' forum for SMEs held
SLT receives two prestigious awards for its 2009 Annual Report
Belgian investors upbeat following visit to Sri Lanka
Nestlé provides over 14,000 people across Sri Lanka with clean drinking water
Sri Lanka company becomes first global tea firm to be certified CarbonNeutralEswaran Brothers
WB Managing Director visits Sri Lanka
SL retail banking becoming more like hospitality
BellVantage appointed as Siemens Enterprise communications partner in Sri Lanka
Book - Central Bank of Sri Lanka Retrospect 1950 - 2010
Microsoft to guide Sri Lanka towards cloud computing
Bairaha to build new state-of-the-art chicken farm
Ceramics sector urges Govt. to reconsider proposed electricity tariff
Sri Lanka tourism with a local touch
Rs 5000 commemorative coin from Central Bank
Potential Sri Lankan economic boom draws Malaysian investors
Singer launches Whirlpool refrigerators
Asian wage growth remains positive despite economic crisis: ILO
Commercial Bank launches Chip Card with VISA
Cement Corp. to start work on KKS Harbour View hotel
Famous city landmark – the St. John Fish Market – moves to Peliyagoda
ICT entrepreneur offers tips to STBC members
Call for good corporate governance in Sri Lanka
Swadeshi launches ‘Safeplus’, effective solution to a germ free life
Novartis wins Alcon with cash sweetener
Mphasis exceeds a billion dollar in revenues
‘Adrenalin’ Human Capital Alignment software now in Sri Lanka
EFutures develops online 'Wish List' for Mattel
TRC to share profit on satellite
SLIC to shed some stakes to fund mega state projects
“Payment Guaranteed Cheque” from Sampath Bank

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 2010 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved.| Site best viewed in IE ver 6.0 @ 1024 x 768 resolution