Satellite-fleet operator Shin Satellite PLC of Thailand reported lower revenue from satellite-transponder leases for the three months ending Sept. 30, blaming reduced utilization of its Thaicom satellites and the appreciation of the Thai baht.Shin also reported a reduction in services revenue from its Ipstar satellite broadband system, which uses the Ipstar/Thaicom 4 satellite, despite the sale of 6,800 Ipstar user terminals during the period. As of Sept. 30, Shin reported having sold 93,153 Ipstar terminals in all.
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