The share price of Thaicom Public Company Limited (SET: THCOM) surged 5% to THB8.95 per share in late afternoon following the report that the National Broadcasting and Telecommunications Commission has bestowed the satellite orbital slots at 50.5°E and 142°E to THCOM for a return revenue of 0.25% to the government sector.
The National Broadcasting and Telecommunications Commission (NBTC) in Thailand has been struggling to find buyers for satellite orbital slots at 50.5°E and 142°E. Initial auctions for these slots failed to attract bidders, and the NBTC has since canceled the auction last year.
This is the update from the aforementioned story.
The acquisition of two obital slots has been confirmed to Kaohoon International, according to a source related with the matter.
