Malaysian billionaire Ananda Krishnan has announced plans to buy out satellite operator Measat Global Bhd for US$207 million to secure full control of the company.

The satellite operator said late on Wednesday that unlisted Measat Global Network Systems Sdn Bhd, which is controlled by Krishnan, plans to buy out 40.4 percent of the shares it does not own at RM4.20 a share, or RM662.6 million.