Temasek to meet Prayut on future of satellite
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Temasek to meet Prayut on future of satellite

Executives of Temasek Holding, a major shareholder of Thailand's InTouch Holdings, plan to meet Prime Minister Gen Prayut Chan-o-cha on the future of the country's satellite industry and the Thaicom case.

An executive at InTouch who asked not to be named told the Bangkok Post that Temasek leaders have made an appointment to meet the prime minister to introduce themselves as well as to talk about the Singapore investment company's long-term investment plans in Thailand.

The planned meeting follows the government's scheme to formulate a new investment model for the satellite industry to replace the licensing regime.

Four options are being considered. They are a wholly owned state enterprise, a public-private joint venture with the state owning a majority stake, flexible forms of public-private joint ventures and the existing licensing model but with higher operating costs.

Deputy Prime Minister Prajin Juntong, chairman of the national space policy committee of the Information and Communication Technology Ministry, has said the government is considering what will be the most appropriate investment strategy. 

A resolution is expected by early 2017.

The new structure will inevitably affect Thaicom Plc, the country's sole satellite service provider, as it decides its new satellite investment.

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