Market Chatter: KT SAT Launches Koreasat-6A via SpaceX

MT Newswires Live11-12

KT's (KRX:030200) satellite division KT SAT launched its new geostationary communications satellite, Koreasat-6A, aboard a SpaceX Falcon 9 rocket from Florida early Tuesday, The Korea Times reported the same day.

The satellite will begin serving the government, military, and broadcasters next year following in-orbit testing. This launch is KT SAT's first in seven years, with the last being Koreasat 5A and Koreasat 7 in 2017.

Shares of KT fell nearly 2% in recent trade on Tuesday.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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