MUMBAI: Satellite operator Panamsat has announced that its subsidiary, Panamsat Asia has acquired some business assets from the receivers of Tarbs World TV Australia.

Tarbs is an Australian pay TV provider.

As per the agreement Panamsat will acquire Tarbs' subscriber list, intellectual property and subscriber-installed equipment. Panamsat has announced that PanGlobal TV has opened for business as Australias new multi-ethnic DTH platform.

Panamsat VP Asia Pacific David Ball said, "The assets we have obtained will help facilitate the growth of the PanGlobal TV platform by assisting our channel partners to reach the ethnic TV audience in Australia. PanGlobal TV is up and running offering Arabic, Serbian and Russian channels and is capable of reaching all of the homes formerly served by Tarbs. Additional channels are planning to join the platform shortly."

PanGlobal TV is hosted on the PAS-8 Pacific Ocean Region satellite. MySat, the Arabic Pay TV service, offers several networks through PanGlobal TV including Al Jazeera. Horizon World Plus TV is distributing a bouquet of four Russian television channels on the Panamsat platform.

PanGlobal TV is a joint marketing alliance between Panamsat and GlobeCast Australia, which offers a range of transmission services to international broadcasters who wish to reach Australias diverse multi-cultural communities. The service transmits digital television channel signals from either GlobeCast Australias Sydney teleport or the PanAmSat Napa Valley, California teleport to the PAS-8 Ku-band Australia beam. The teleports offer digital encoding, signal processing and transport services in addition to the uplink service to the satellite.