Home » Business » Keep an eye on THCOM, keep running! A candidate to win the satellite, poised to win “SingTel-Fund”, the go-ahead for the Gulf Wings

Keep an eye on THCOM, keep running! A candidate to win the satellite, poised to win “SingTel-Fund”, the go-ahead for the Gulf Wings

Reporters reported that Keep an eye on today (December 27, 2022) the share price of Thaicom Public Company Limited or THCOM, up from yesterday to close at 14 baht, plus 0.70 baht, or an increase of 5.26 % with exchange value of 540 million baht , speculation is expected Participate in the auction of satellite orbits

For today, the Broadcasting Television Enterprise Commission and the National Telecommunications Commission or NBTC will open for submission of a package-mode (bundle) orbital satellite bid envelope and on January 9, 2023, the list of qualified candidates will be announced on January 15. C.66 Allows qualified bidders to bid for the right to enter satellite orbits in a series.

Previously, there were 6 companies interested in bidding for satellites: 1. Mew Space and Advance Technology Co., Ltd., 2. Ascend Capital Co., Ltd., the main shareholder is Ascend Group, affiliated with True Corporation Public Company Limited or TRUE, 3. Prompt Technical Services Company Limited, 4. National Telecommunications Public Company Limited, 5. Space Tech Innovation Company Limited, a subsidiary of Thaicom Public Company Limited or THCOM and 6. The Win Telecom Company Limited

The NBTC has opened the auction for the right to use 5 new satellite orbits divided as follows: 1st set consisting of 50.5E and 51E orbits, 2nd set 78.5E orbit, 3rd set consisting of 119.5E and 51E orbits. orbit 120E, 4th orbit 126E and 5th orbit 142E.

While a meeting of shareholders of Intouch Holdings Public Company Limited or INTUCH will be held tomorrow (28 December 22) to seek approval for the sale of THCOM shares to Gulf Energy Development Company Limited Public Company Limited or GULF in the amount of 450 87 million shares, equal to 41.13%, at a price of 9.92 baht per share, for a total value of 4.47 billion baht, in line with the Independent Financial Advisor (IFA) supporting INTUCH in the sale of THCOM shares to GULF because it deems it appropriate and overall beneficial to expand growth by investing in new businesses. As for the sale price of 9.92 baht, it is a reasonable price.

Mr. Phisut Ngamwijitwong, Senior Director Securities Analysis Department Kasikorn Securities expects THAICOM to participate in the auction for two orbits, the second series consisting of 78.5E and 78.5E and the third series consisting of 119.5E and 120E orbits, which are the first used from Thaicom. and have a high probability of winning the auction

However, keep an eye out for Ascend Capital Co., Ltd., the major shareholder is Ascend Group, a member of True Plc. whether or not to participate in the auction Because they are also interested in 78.5E orbit, although if you look at it in terms of investment It may not be very profitable But in terms of hedging business risks, it is considered important after GULF took over Thaicom.

INTUCH Shareholders’ Meeting Tomorrow The meeting is expected to approve INTUCH’s sale of THCOM shares to GULF, requiring 2/3 of the votes of attendees. Temasek Group and SingTel Group jointly hold about 27% should support the sale Therefore, only 8% of the fund’s 17% vote is needed to get more than two-thirds of the 53% vote, as GULF prohibits voting at 47 %.

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