South Korea orders KT Corp to buy back satellite from Permira-owned ABS
The South Korean government has ordered telecom operator KT Corp. to buy back a satellite it sold to Asia Broadcast Satellite (ABS), a Hong Kong-based company owned by Permira.
The government claims the satellite - which was launched in 1999 - was sold illegally and must be returned as it is on an orbit licensed to the country under international law. Orbital space is assigned...
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