A triple-band microstrip patch antenna is presented in this article with detail investigation of its working mechanism and performance characteristics. The antenna consists of a rectangular slot on the patch to achieve multiband operation. Three distinct frequencies of 2.4 GHz, 5.5 GHz and 7.5 GHz are achieved with return losses of 27 dB, 29 dB and 29 dB respectively. The Impedance Bandwidths are 70 MHz (2.52 GHz-2.44 GHz) at 2.4 GHz, 220 MHz (5.65 GHz-5.43 GHz) at 5.5 GHz and 250 MHz (7.57 GHz-7.32 GHz) at 7.5 GHz, which satisfy the requirements of Wi-Fi, Wi-MAX and satellite communications bands. The fabricated prototype of the antenna has total dimension of 53×53×1.6 mm3 over FR4 substrate. The antenna is simple and has sensible radiation characteristics with considerable gain. This work also focuses on developing a Link Budget model for its application in satellite communication. Most notably, it examines overall system efficiency and optimum path loss, distance analysis, system noise temperature, signal to noise power ratio, the size of antenna and the overall customer satisfactions. The highest gain of the antenna is achieved as 3.5 dB in the band (5.65 GHz-5.43 GHz), while the highest directivity and bandwidth are found as 8.7 dBi and 250 MHz respectively in the higher operating band. The affordable agreement between the simulated and measuring outcomes justifies that the antenna is often applicable for Wi-Fi (2.4 GHz), Wi-MAX (5.25 – 5.85 GHz) and satellite (7.24 – 7.57 GHz) communications.