On Monday at 10:37 AM (Bangkok time), the share price of Thaicom Public Company Limited (SET: THCOM) rose by 1.31% or THB 0.20 to THB 15.50, with a trading value of THB 344.47 million.
THCOM’s stock price surged after news emerged that the National Broadcasting and Telecommunication Commission (NBTC) plans to hold an extraordinary meeting to review three orbital slot licenses: 50.5, 51, and 142 East. The NBTC aimed to grant the license for the 50.5E slot to secure Thailand’s rights before the November 27 cut-off, with the other permits subject to committee approval. THCOM expressed assurance in launching its satellite into a 50.5 orbital slot for the country’s advantage. Meanwhile, the company also submitted an application to bid for the other two licenses as well.
