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Sovereign Wealth Funds Briefing - Categorized | Fund Management/Administration, Investment

Temasek shoots down Thaicom plan

Posted on 12 February 2009

From Nationmultimedia.com: Temasek Holdings has opposed Thaicom’s plan to launch a new satellite to replace Thaicom 1, which will expire in July. A source at Shin Corp said Temasek is of the view that the launch would require a huge investment in this time of economic downturn.

The cost of building a conventional satellite is estimated at US$150 million (Bt5.2 billion)….. Full Article: Source


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