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April 25, 2015 11:04 PM ET

Media

Company Overview of MEASAT Broadcast Network Systems Sdn. Bhd.

Company Overview

MEASAT Broadcast Network Systems Sdn. Bhd. offers direct to home (DTH) satellite pay television services in Malaysia. The company is based in Kuala Lumpur, Malaysia. MEASAT Broadcast Network Systems Sdn. Bhd. operates as a subsidiary of Astro All Asia Networks plc.

All Asia Broadcast Centre

Technology Park Malaysia

Lebuhraya Puchong-Sg. Besi

Bukit Jalil

Kuala Lumpur,  57000

Malaysia

Phone:

60 3 9543 6688

Fax:

60 3 9543 6880

Key Executives for MEASAT Broadcast Network Systems Sdn. Bhd.

Chief Executive Officer
Age: 51
Compensation as of Fiscal Year 2014.

MEASAT Broadcast Network Systems Sdn. Bhd. Key Developments

MEASAT Broadcast Network Systems Sdn Bhd Announces Update on Material Litigation

Astro Malaysia Holdings Berhad announced that its wholly owned subsidiary, MEASAT Broadcast Network Systems Sdn Bhd and the other Astro claimants had obtained leave of the Hong Kong Courts to enforce the Arbitration Awards in Hong Kong in August and September 2010 and the Claimants entered judgment in terms of the Arbitration Awards in December 2010. The Arbitration Awards were granted to the Claimants in 2009 and 2010 following the arbitration proceedings between the Claimants and PT First Media Tbk (PTFM), PT Ayunda Prima Mitra (PT APM) and PT Direct Vision (PTDV). As part of the Claimants’ efforts to enforce the Awards against PTFM, the Claimants applied to the Hong Kong High Court and, in July 2011, obtained a garnishee order nisi in respect of money loaned by PTFM to its parent company, AcrossAsia Limited (AAL), which would, when made into an absolute order, require AAL to pay the Claimants the loan owed to PTFM in part satisfaction of the amounts outstanding to the Claimants from PTFM under the Awards. However, PTFM applied for: (a) an extension of time to apply to set aside the court orders to enforce the Awards granted in August and September 2010 and the 9 December 2010 judgment (since PTFM’s application was made after the expiry of the time limit for such application to be made); (b) an order that the Hong Kong court orders of August and September 2010 and the judgment in December 2010 be set aside; and (c) an order that the garnishee order nisi be set aside. PTAPM and PTDV have made no challenge to enforcement of the Awards in Hong Kong or the judgments entered in December 2010. On 31 October 2013, the Hong Kong High Court ruled in favour of the Claimants and, inter alia, granted a garnishee order absolute requiring AAL to make repayment of the loan to the Claimants. AAL and PTFM have appealed against the decision of the Hong Kong High Court granting a garnishee order absolute, and obtained a stay of execution of the garnishee order absolute pending determination of the HK Setting Aside Application. The appeal remains pending. Astro Malaysia Holdings Berhad announced that the Hong Kong High Court has on 17 February 2015 ruled on the HK Setting Aside Application in favour of the Claimants. The Hong Kong High Court found, amongst others, that: (i) PTFM is not permitted to resist enforcement of the Awards as it has acted in breach of the good faith principle in its conduct in the Arbitration; (ii) PTFM had taken a deliberate decision not to take action within the time limited to challenge enforcement of the Awards in Hong Kong; (iii) the Awards remain valid and binding even though PTFM has successfully resisted enforcement of the Awards in Singapore. The Hong Kong High Court declined to exercise its discretion to grant an extension of time to PTFM to apply to set aside the Awards. Consequently, PTFM’s HK Setting Aside Application was dismissed in its entirety.

Measat Broadcast Network Systems Berhad Enters into Agreement with TM Net Sdn Bhd for the Carriage of Two Astro SuperSport

Measat Broadcast Network Systems Berhad entered into an agreement with TM Net Sdn Bhd for the carriage of two Astro SuperSport channels on HyppTV. In addition, the parties have agreed to enter into a further agreement for the carriage of selected NJOI channels subject to certain conditions. Astro SuperSport HD and Astro SuperSport 2 HD Channels will be made available from 1 August 2013 until 31 July 2016, and will contain selected live matches from the Barclays Premier League’s Seasons 2013/14, 2014/15 and 2015/16 and other sports content.

Measat Broadcast Network Systems Provides Update on Civil Suit

Astro Malaysia Holdings Bhd's wholly owned subsidiary Measat Broadcast Network Systems Sdn Bhd (MBNS), a defendant in a civil suit in Indonesia, has been officially served with the statement of claim which includes immaterial loss of USD 20 billion (MYR 60.8 billion). In a statement filed to the exchange April 25, 2013, Astro said that mediation was held on Wednesday where the official statement of claim was served by plaintiff PT Direct Vision (PTDV) for damages for an alleged unlawful act of tort. The statement added that the damages arose from a dispute over a bungled direct-to-home (DTH) pay-TV business in Indonesia which had been the subject of past litigation and arbitration proceedings since 2008. Astro had in 2005 formed a joint venture with First Media and other affiliates of the Indonesian Lippo Group with the purpose of setting up a DTH pay television business in Indonesia. The joint venture was not concluded and Astro commenced arbitration proceedings against the Lippo Group in Singapore. The arbitration proceedings, which were commenced in Singapore under the Singapore International Arbitration Centre (SIAC) Rules concluded in favour of both MBNS and Astro All Asia Networks in final and binding SIAC Awards amounting to approximately USD 303 million. PTDV did not challenge the enforceability of the arbitration in Singapore. PT First Media Tbk applied to refuse its enforcement in Singapore and appealed after judgment which was released to the parties on October 23, 2012. The High Court of Singapore confirmed the enforceability of the SIAC Awards as a court judgment in Singapore. The appeal has been heard before the Court of Appeal from April 10 to 12, 2013, and the Singapore Court of Appeal has since reserved judgment.

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