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BEC World shares fall on Channel 3 fee-hike fears.
Byline: The Nation.
BEC World's stock yesterday fell 2.96 per cent to Bt19.70 at the close, reflecting fears that TV Channel 3 may have to pay much higher fees to MCOT to extend its broadcasting concession.
BEC World subsidiary Bangkok Entertainment, the operator of Channel 3, wants a 10-year extension of its concession from 2010-2020, but MCOT - a state enterprise that operates the Modernine TV station - might want a better deal in return.
Analysts believe this would not hurt BEC much, even if the fee were doubled to Bt400 million a year.
BEC's concession expires in the middle of next year and the uncertainty over its fee was just a psychological …
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