Transpacific signs service deal with operator for Starlink Pampanga station
After teasing us yesterday with its disclosure authorizing its management to enter into an agreement with AB Global, a satellite operator, now Transpacific Broadband Group [TBGI 0.36 5.88%] is announcing that it has indeed entered into a 3-year “Managed Service Agreement” (MSA) with AB Global to allow TBGI to provide “collocation facilities and first level support” for the “development and maintenance” of a Starlink LEOSAT station in Clark, Pampanga.
The 3-year contract has the option of a 3-year extension, but the parameters of that extension are not known at this time.
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It’s also not clear whether TBGI has signed agreements with SpaceX’s Starlink; this disclosure speaks about Starlink as though it’s a cemented part of the plan, but yesterday’s TBGI disclosure only authorized management to engage in discussions with “major” operators “including Starlink”.
It’s not even clear to me whether the board authorized management to enter into agreements with satellite operators, considering they specifically authorized management to sign an agreement with AB Global for the design and maintenance of the earth stations, but only went so far as to authorize management to “engage in discussions” with actual satellite operators. Has TBGI actually signed agreements with Starlink and is just making it look like everything is happening in this order/sequence, or are they just presuming Starlink to be the eventual operator that TBGI will choose?
As a complete outsider to this drama who has only read the disclosures, TBGI seems to be operating under the assumption that it will be moving forward with Starlink. They haven’t disclosed any agreements yet, so I’m not sure what it means if these disclosures, which heavily imply a team-up with Starlink, influence investors to purchase TBGI stock and then turn out to have just been based on a good faith hope of a collaboration that never materialized.
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