The auction of new satellite licences was designed to generate millions for Thailand’s finance ministry, but the planned auction was scrapped after the only bidder was incumbent Thaicom via a subsidiary.
The country’s Digital Economy & Society Ministry (DES) has awarded the licences from the abandoned auction of Thaicom 4 and Thaicom 6 satellites to National Telecom.
The 30-year concession period on the two craft ended on September 10th. Details, both financial and technical, were not revealed.
National Telecom is a new business formed by the merger of CAT Telecom and TOT which took place in January.
Chaiwut Thanakamanusorn, the DES minister, said NT is ready to take over the assets of the satellites. “NT will handle these assets and manage them with transparency by taking into account the interests of the state and the public.”