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In a major move to develop a satellite neighbourhood for millions of broadcasting and telecommunications customers across the wider Asia Pacific region. Antrix Corporation Limited, the commercial arm of ISRO and MEASAT Global Bhd of Malaysia have signed an agreement to form a Joint Venture Company to pool their satellite capabilities, The Prime Minister, Dr. Manmohan Singh and Malaysian Prime Minister, YAB Dato Seri Abdullah Ahmad Badwai, witnessed the exchange of the landmark agreement between Antrix and MEASAT here yesterday.
The Joint Venture, which will be equally owned by the two companies, represents a significant breakthrough and major step in the ongoing cooperation between the Indian and Malaysian satellite sectors. The Joint Venture will leverage capacity from both the high powered Indian and Malaysian MEASAT satellite fleets to provide commercial satellite services across the wider Asia-Pacific region.
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