Mabuhay Investment Corporation

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Mabuhay Investment Corporation
Type Private
Holding company
Industry Aerospace
Founded 1994
Headquarters Subic, Zambales, Philippines
Key people Gabriel Z. Pimentel: President, CEO
Products Telecommunication
Satellite operation and maintenance
Owner(s) Philippine Long Distance Telephone Company
Website mabuhaysat.com

Mabuhay Investment Corporation (MIC) is a holding company owned by the Philippine Long Distance Telephone Company. It is formerly known as Mabuhay Satellite Corporation (MSC), a Filipino aerospace corporation responsible for operating communication satellites and before 2009, the only Philippine company to do so.[1] It once owned the Agila 2 satellite which provides the most powerful coverage in the Asia-Pacific region. Aside from satellite operation, it also provides satellite-related services. It currently operates two space centers, namely the Mabuhaysat Subic Space Center, its main hub, and the Mabuhaysat Zamboanga Space Center at Zamboanga City, its back-up hub.[2]

History[edit]

Logo as Mabuhay Satellite Corporation from 1994-2009

Founded on 10 November 1994 bearing the name Mabuhay Philippine Satellite Corporation (MPSC), the company was established primarily to build, own, operate and maintain an international satellite facility and other forms of telecommunications equipment that are capable of providing telecommunications and broadcasting on a domestic and international level.[3]

The majority of the board of directors agreed, at a meeting held on April 10, 2003, to eliminate the word "Philippines" from the company's name, as the company was set to be the ideal satellite operator internationally, not only within the Philippines.[4]

On November 6, 2009, MSC's communication satellite operation business was sold to Asia Broadcast Satellite (ABS) after they signed an agreement. [5]

On January 13, 2012 after the Securities and Exchange Commission (SEC) approved the amendment on its articles of incorporation, Mabuhay Satellite Corporation was renamed Mabuhay Investment Corporation [6]

Satellites[edit]

Agila 2[edit]

Agila 2, once owned by MSC

Launched in 1997, the Agila 2 provides the most powerful coverage in the Asia-Pacific region. Its control station is located at the MPSC Space Center in the Subic Bay Freeport Zone. The spacecraft was launched by the Long March 3B in its first successful flight and currently orbits at 146°E longitude.[7]

References[edit]

  1. ^ Emmie V. Abadilla (January 30, 2010). "Firm investing $800 M to build 5 satellites". Manila Bulletin Publishing Corporation. 
  2. ^ "Facilities". Mabuhay Satellite Corporation. 
  3. ^ "PLDT forms satellite firm". The Manila Standard. November 4, 1994. 
  4. ^ "MABUHAY History in Briefs". Mabuhay Satellite Corporation. 
  5. ^ "ABS acquirres Mabuhay". www.absatellite.net. July 11, 2012. 
  6. ^ "PLDT Financial Information" (Press release). 8 May 2013. Retrieved 19 June 2013. 
  7. ^ Jonathan's Space Report No. 331