As Sami Kassab of investment bank Exane/BNPP reported in a note to investors, the news that AsiaSat is to move to private ownership is not the best of decisions for the other listed satellite majors. "Carlyle and CITIC currently own 74 per cent of Asiasat and have jointly made an offer to take the company private citing poor share price liquidity and public listing costs," said Kassab. "Asiasat is a leading satellite operator in Asia with HK$1.4 billion (c€163 million) of annual revenues and an 82 per cent EBITDA margin. Sixty-five per cent of its revenues are derived from Video and 35 per cent from telecoms and broadband services. Twenty-five percent of its revenues are derived from China, 16 per cent from Hong Kong and 59 per cent from other Asian regions. It has seen headline revenue and EBITDA growth for the last three years including +6 per cent headline revenue growth in 2018." All that is good news.