Thai govt eyes Temasek's Thaicom satellite firm
Gabriel Chen
Tue, Jun 15, 2010
The Straits Times
THAILAND'S government wants to buy a satellite company controlled by Temasek Holdings and part of the Shin Corp conglomerate bought by a Temasek-led consortium for US$3.8 billion (S$5.3 billion) in 2006.
The satellite firm, Thaicom, with a market value of about US$238 million, owns a television station accused by the government of broadcasting programmes in support of 'red shirt' protesters.
The government pulled the plug on the satellite-based People Channel in April, saying it had incited unrest. This action led to clashes between red-shirt supporters and police at the station's premises.
Gabriel Chen
Tue, Jun 15, 2010
The Straits Times
THAILAND'S government wants to buy a satellite company controlled by Temasek Holdings and part of the Shin Corp conglomerate bought by a Temasek-led consortium for US$3.8 billion (S$5.3 billion) in 2006.
The satellite firm, Thaicom, with a market value of about US$238 million, owns a television station accused by the government of broadcasting programmes in support of 'red shirt' protesters.
The government pulled the plug on the satellite-based People Channel in April, saying it had incited unrest. This action led to clashes between red-shirt supporters and police at the station's premises.