We were happy to note that the Telecom Regulatory Commission has pulled the plug on a senseless project that we criticized when first announced and once again, for emphasis. It will be interesting to see how much Surrey Satellite Technology, a firm fronted by the son of an English Lord of some kind, cleared in fees in the past year. I met the man in Colombo. Obviously he would not have paid his way here.
The TRC will not proceed with Surrey Satellite Technology Ltd, the British firm which was commissioned to set up the Sri Lanka Space Communications Company last year, due to the high costs involved.
“To set up the satellite, there’s a cost of US$ 20 million. After sending it in orbit it is US$ 160 to US$ 180 million per annum, which is not feasible,” he said.The TRC chief reiterated that TRC is not averse to launching a satellite, but the regulator is exploring other options such as hiring satellites.