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Bangkok considers buying Temasek stake in satellite operator

Updated On: Jun 15, 2010

The Thai government announced on Monday its intention to buy Temasek Holdings Pte's stake in Thaicom's satellite unit.

Prime Minister Abhisit firmly backed moves to buy back the national satellite operator for security reasons.

The purchase is part of a plan to prevent Thailand's opposition party from using company's satellites for anti-government protests.

Thaicom hit the headlines in April when anti-government protesters besieged its satellite uplink facility north of Bangkok to force the company to restore the signal of their television station, which had been taken off the air on the orders of the government.

Temasek took control of Thaicom as part of a January 2006 deal in which the family of Thaksin Shinawatra, the then prime minister, sold its controlling stake in Shin Corp, the telecoms conglomerate founded by Mr. Thaksin.

 Sources:

Bangkok considers buying satellite operator [Financial Times] http://www.ft.com/cms/s/0/1f2f9a08-7815-11df-a6b4-00144feabdc0.html
Thaicom Surges on Thailand Plan to Buy Temasek Stake [BusinessWeek] http://www.businessweek.com/news/2010-06-14/thaicom-surges-on-thailand-plan-to-buy-temasek-stake-update1-.html
PM: Govt wants to buy back Thaicom [The Nation/AsiaOne] http://news.asiaone.com/News/Latest%2BNews/Asia/Story/A1Story20100615-222158.html 







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