Satellite television C. Clarke proposed a worldwide communications system which would function by means of three satellites equally spaced apart in earth orbit. This was published in the October 1945 issue of the Wireless World magazine and won him the Franklin Institute's Stuart Ballantine Medal in 1963. The first public satellite television signals from Europe to North America were relayed via the Telstar satellite over the Atlantic ocean on 23 July 1962, although a test broadcast had taken place almost two weeks earlier on 11 July. The signals were received and broadcast in North American and European countries and watched by over
Dream Satellite TV the orbit. When all of the Dream Satellite channels were transferred to Koreasat 5, Dream announced customers to migrate their receivers (which uses Nagravision 3/Conax CAS7) to Koreasat 5 as the replacement for ABS-5/ABS-3 satellite. In 2011, Antonio "Tonyboy" O. Cojuangco, Jr., owner of PMSI, has plans to sell the company. In August 2013, it was revealed that SkyCable was in the advanced stages of negotiations of acquisition of PMSI. In 2017 Dream stated that it is planning to sign a multi-year, multi-transponder capacity agreement with Korea-based KT Corporation to broadcast DTH television channels via Koreasat 7 satellite at 116.0