UK Private Investor Takes US$20 Million Stake in Kacific

Additional US$2.3 million will be raised from Australian tech investors

SINGAPORE 5 April 2016 — Kacific Broadband Satellites has agreed terms on funding of US$20 million from a United Kingdom-based family office with a particular focus on infrastructure investments. Arranged by Kacific’s advisor, Caniwi Capital, the placement is part of Kacific’s Series A round of capital raising, and is a major step for the company towards the financial close of its project, which will bring high speed broadband satellite services to remote and isolated areas of the Pacific and South East Asia.

The family office, which does not wish to be identified, made the decision to invest after following Kacific’s accelerating progress in signing agreements for satellite broadband provision.

Terms for a further US$2.3 million have been agreed with two Australian private investors with experience in financial markets and in developing and commercialising new IT and telecommunications technologies.

Kacific now has agreements representing over US$260 million of pre-sales contracts for its high-throughput satellite (HTS) broadband internet service with governments, ISPs and telecom operators of eleven Asia-Pacific countries, including Indonesia. It aims to provide service to markets in South East Asia, New Zealand and the Pacific with its first satellite.

Kacific founder and CEO, Christian Patouraux, said: “We are delighted with this vote of confidence from seasoned professional investors and IT and telecommunications veterans who have reviewed our business model and noted our recent accomplishments. These investments will, we believe, encourage further take-up of our service in our target markets.”

BusinessWire: “UK Private Investor Takes US$20 Million Stake in Kacific”

Tokelau selects Kacific to deliver high-speed broadband

Singapore – 5 December 2014 – Teletok, the local telecommunications company of Tokelau and sole service provider, has selected Kacific to deliver its new generation of high-speed broadband across its territory and surrounding waters.

Tokelau, composed of three small atolls situated north of Samoa, is a Polynesian territory of New Zealand with a population of just 1,400. There is no airport in Tokelau, and a chartered vessel MV PB Matua, operated under an arrangement between New Zealand and Tokelau, is the only means of transport to and from the islands at present: the trip from Apia in Samoa takes over a day. Despite its small size and remoteness, Tokelau is committed to thriving in a digital world. Although connectivity is expensive, the country has seen a pattern of moderate internet usage in recent years and a rate of internet penetration comparable to other, more populous Pacific countries.

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Kacific to bring fast broadband to Kiribati’s most remote islands

Singapore – 20 October 2014 – People on all of the 33 islands and atolls of Kiribati will be able to enjoy high speed broadband services from 2017, thanks to an agreement their government signed today with Kacific Broadband Satellites. Under the multi-million dollar five year services agreement, Kacific will provide the islands with 150 Mbps of bandwidth increasing to 200 Mbps over the term of the contract. Kiribati will be able to increase bandwidth in bursts of up to 50 percent on demand.

With a population of 100,000 people across 3.5 million square kilometres of islands and ocean, Kiribati is the 18th largest nation in the world in terms of its exclusive economic zone, with one of the most disseminated populations on the planet. That poses particular connectivity challenges: to date, only 6 percent of households have broadband and service is slow and expensive and it has not been economical to provide service to many of the remote islands.

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Kacific signs cooperation agreement supporting ITU’s affordable connectivity program for 11 Pacific countries

Singapore – 8 September 2014 – Kacific Broadband Satellites has signed a cooperation agreement with the International Telecommunication Union (ITU) for the development of satellite communications capacity and emergency communications solutions for the Pacific region.

The project will establish 55 fully equipped e-centers to service communities in remote islands or rural areas in Kiribati, Micronesia, Samoa, Solomon Islands, Fiji, Marshall Islands, Tuvalu, Vanuatu, Papua New Guinea, Nauru and Tonga. The e-centres will all have satellite connectivity for development and emergency telecommunication.

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See ITU Announcement at SIDS 2014

Kacific inks five year satellite broadband agreement with Solomon Telekom Company Limited

Singapore – 13 August 2014 – Kacific Broadband Satellites today announced that it has signed a five year Framework Services Agreement with Solomon Telekom Company (www.ourtelekom.com.sb) to provide high speed bandwidth to the people of the Solomon Islands. The multi-million dollar agreement almost doubles the bandwidth available to Solomon Telekom and will provide high speed internet coverage to even the most remote locations in the island group.

Five high capacity beams directed from Kacific’s Ka-band High Throughput Satellite (HTS) will provide coverage to every one of the many islands that comprise the group. Despite approximately 1,500 kilometres separating the westernmost and easternmost islands, the high power Kacific coverage will provide all with equally outstanding service quality through inexpensive terminals. Coverage will extend from Choiseul and the Shortland Islands in the far west and north-west, all the way to the most northern atoll, Ontong Java, to the most eastern remote atolls of Tikopia and the Duff Islands and to the Rennell Bellona Islands in the south.

Kacific will provide Solomon Telekom with a minimum of 150 Mbps of bandwidth from 2017 until 2022. Under the agreement Solomon Telekom can, at its discretion, increase bandwidth in bursts of up to 50 percent at any time to 225 Mbps of capacity. Solomon Telekom currently has 200 Mbps of capacity.

Read full media release

Loyley Ngira (Solomon Telekom) with Jacques-Samuel Prolon (Kacific) (Small)

“Flying High” in August CommsDay

“Flying High,” in the August 2014 issue of CommsDay, looks at the latest generation of high throughput satellites poised for launch, with a particular focus on Kacific’s plans to use Ka band HTS capacity to reach the the Pacific’s 40 million people.

Says Christian Patouraux: “If you offer a good differentiator, good value for investors, there is definitely an appetite.”

Kacific estimates the total potential demand for bandwidth from Pacific Island states to be 44Gps.

According to CommsDay the universal takeout from the Australian Satellite Forum 2014 was: “There’s never been a more exciting time to be in satcomms.”

Tuvalu Telecommunications Corporation signs five year satellite broadband deal with Kacific

Singapore – 9 June 2014 – Kacific Broadband Satellites today announced that it has signed a five year agreement with Tuvalu Telecommunications Corporation (TTC) to provide high speed bandwidth to the company and the people of Tuvalu. The multi-million dollar service agreement is the first that Kacific has signed with a national telecommunications service provider.

Using a single dedicated beam directed from its Ka band High Throughput Satellite (HTS), Kacific will provide TTC with increasing levels of capacity over the period, starting with 80Mbps and ramping up to 150 Mbps after four years. Under the agreement TTC can, at its discretion, increase bandwidth in bursts of up to 50 percent at any time, meaning that in year four Kacific could provide TCC with up to 225 Mbps of capacity. To put this in perspective, today less than 20 Mbps of capacity is supplied to Tuvalu.

Tuvalu Telecommunications Corporation signs five year satellite broadband deal with Kacific

Kacific satellite to provide faster, more affordable broadband to Pacific nations

Singapore – 9 December 2013 – Kacific Broadband Satellites today announced plans to launch a Ka Band High Throughput Satellite (HTS) to provide enhanced broadband to 40 million people in the Pacific including the Pacific islands, New Zealand, eastern Indonesia and Papua New Guinea.

The Pacific has the highest internet pricing and the highest Skype call prices on earth. Substandard, over-contended, 1 Mbps broadband services can cost more than US$700 per month in some territories. Estimated total potential demand for bandwidth by Pacific island states is 44 Gbps. Today just 20 percent, or less than 10 Gbps, is supplied. Kacific will sell wholesale bandwidth and anticipates that telcos and ISPs will offer it to end users at speeds of up to 10 Mbps and at price points as low as 5 percent of current costs. The service will be provided through small terminals costing just a few hundred dollars.

Kacific expects to commission its launch vehicle and payload in 2014 and to provide broadband services to the region by late 2016.

““By providing high quality broadband at a fraction of the current cost, we will allow a much larger part of the Pacific’s population to participate in the digital age,” says Kacific CEO Christian Patouraux. “With support from local governments and global institutions, that will foster greater internet usage on the island, fuelling economic growth.”

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