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Thursday, May 16, 2024

Thaicom allots B15bn for satellite budget

Majority of funding to come from loans

Satellite dishes at Thaicom’s headquarters in Nonthaburi. Tawatchai Kemgumnerd

SET-listed satellite service provider Thaicom has unveiled its 15-billion-baht satellite investment plan, including the construction of three new satellites for the 119.5° East slot.

Thaicom’s subsidiary Space Tech Innovation (STI) secured the 119.5° E, 120° E and 78.5° E slots at the satellite orbital slot auction held in January.

Thaicom previously operated the Thaicom 4 satellite on 119.5° E and Thaicom 6 on 78.5° E, but ownership of the two satellites was transferred to the Ministry of Digital Economy and Society (DES) after the firm’s concession expired in September…

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