Thaicom reports booming revenues

Thailand satellite operator Thaicom reported an impressive 24 per cent increase in revenues February 15th from its satellite division (year to Dec 31st), helped by adding a number of new TV broadcasters to its portfolio of clients.

Thaicom is now carrying 420 TV channels, up from 358 a year earlier. As to hard financials, Thaicom reported total revenue from its satellite and related businesses (including its IPStar broadband division) of 5.7 billion Thai baht, or about $179 million. That is a 24 per cent increase over 2010 in Thai baht, and in US dollar terms a jump of 40 per cent. During 2011, the US dollar dropped about 5 per cent in value, relative to the Thai baht.

Some 43 per cent of the company’s satellite revenue came from the Thaicom 2 and Thaicom 5 satellites, with the balance coming from its IPStar subsidiary which provides broadband-by-satellite services in more than a dozen Pacific Ocean regions including Japan, India, Australia, Malaysia, Indonesia, the Philippines and Thailand itself.

Last December, no doubt influenced by these growth numbers, Thaicom made an investment of $171 million in 50 per cent of the upcoming AsiaSat 6 craft due for launch in 2014. It also has its own Thaicom 7 on order and due for launch in 2014.

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