On October 28, Shenzhen-based developer and manufacturer of satellite receivers and cable and terrestrial set-top boxes (STBs) Coship Electronics (002052.SZ) received orders for direct-broadcast satellite (DBS) TV receivers cumulatively worth nearly USD 27 mln from Brazillian telecom and cable TV provider Embratel and Indian direct broadcast satellite service provider Sun Direct TV. Combined, the two orders are equivalent to approximately 7.4% of Coship’s total 2010 sales revenue.
The Embratel contract is for shipment of 300,000 DSB receivers, valued at USD 11.29 mln, payable no later than October 17, 2011. Sun Direct TV’s contract amounts to USD 15.38 mln for an order of 500,000 units, with a March 31, 2012 payment deadline.
Sun Direct TV, one of India’s largest DBS service providers, also offers a range of digital satellite TV services. Coship has been supplying Sun Direct TV with set-top boxes since 2008, and between January that year and December 2010, the two companies successfully negotiated a total of USD 55.4 mln in business.