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Thailand: ShinSat to apply for licence for next communication satellite.
(From Thai Press Reports)
Section: Corporate News - NTC licence sought for Thaicom 5 in lieu of concession fee, The Nation reports.
Shin Satellite Plc plans to apply to the National Telecommunications Commission for a licence for its next communications satellite, Thaicom 5, on the belief that it will cost less than paying a concession fee to the Information and Communications Technology Ministry.
ShinSat's executive chairman, Dumrong Kasemset, said on Wednesday that the NTC's satellite license cost would be lower than the concession fees the company currently paid.
ShinSat pays around 15.5 per cent of its revenue as a concession fee to the Information and Communications Technology Ministry. ShinSat posted consolidated revenues of Bt2.8 billion in the second quarter of the year.
The NTC is expected to finalise the terms for satellite licensing by the end of the year. ShinSat plans to launch Thaicom 5 by the middle of 2006. The company, founded by Prime Minister Thaksin Shinawatra's family, has four Thaicom satellites in operation.
On Wednesday, ShinSat inaugurated a domestically based gateway for its broadband satellite Thaicom 4, better known as iPSTAR, which was launched into orbit in August.
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